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Investors Attempt To Ignore A Sizzling Inflation Data As The Dow Jumps By 100 Points

Despite a fresh inflation estimate coming in stronger than expected, the Dow Jones Industrial Average rose on Friday.

UnitedHealth and Honeywell rallies of more than 1% contributed to the overall index’s gain of 177 points, or 0.5%. S&P 500 eked out a 0.1% gain. A decline in semiconductor stock prices, including those of Advanced Micro Device, Nvidia, and Micron, contributed to the 0.2% decline in the Nasdaq Composite.

Source (CNBC)

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