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The S&P 500 closed higher on Wednesday, driven by a strong performance from the technology sector. This gain in the stock market came despite early concerns from an inflation report, which dampened hopes for a significant interest rate cut by the Federal Reserve. All three major US stock indexes closed higher, with tech sector gains offsetting investor disappointment over the inflation data. The inflation report crushed hopes that the Federal Reserve would cut interest rates by 50 basis points next week.
WATCH: All three major US stock indexes closed higher as tech sector gains offset disappointment from an inflation report that dampened hopes for a 50-point Fed rate cut next week https://t.co/miyKk3DUT5 https://t.co/c5T0q1xh2N
All three major US stock indexes closed higher as tech sector gains offset disappointment from an inflation report that dampened hopes for a 50-point Fed rate cut next week https://t.co/LDfx1DATdN https://t.co/FHJK4jijYS
All three major US stock indexes closed higher with a boost from the technology sector offsetting investor disappointment at an early morning inflation report, which crushed hopes the Federal Reserve would cut interest rates by 50 basis points next week https://t.co/LDfx1DAlof https://t.co/mMWa0BV1LU