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US stocks rose Friday, with the Dow Jones closing at a record high for the second day in a row.
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The S&P 500 and the Dow achieved a four-month win streak in August amid renewed hopes for a soft landing.
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Investors anticipate a Fed rate cut next month after PCE inflation data met expectations.
US stocks traded higher on Friday, with the Dow Jones Industrial Average closing at a record high for the second day in a row and the fourth day this week.
The S&P 500 and the Dow both ended August with their fourth-straight monthly gain, as hope that the US economy can avoid a recession was renewed during the month following a brief spasm of volatility spurred by a weak July jobs report.
Investors were further comforted Friday by Friday’s fresh inflation data, with the personal consumption expenditures index rising 0.2% and 2.5% on a monthly and yearly basis,…
