stocks soar as inflation cools, banks report strong profits
The stock market soared on Wednesday as inflation cooled and major U.S. banks reported strong profits. The Dow Jones Industrial Average jumped 703 points, or 1.65%, to close at 43,222. The S&P 500 climbed 1.83%, and the Nasdaq Composite rallied 2.45%.
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traders react as Fed minutes reveal inflation concerns
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