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Dow jumps 500 points, Nasdaq surges 2% as investors cheer lighter-than-expected inflation report.

2022-08-10 8 Dailymotion

The Federal Reserve will weigh the report, along with other key economic data, ahead of its September meeting where it is slated to hike interest rates again.<br />Major tech stocks were outpacing the broader market on Wednesday, with Facebook-parent Meta rising 5.7% and Netflix gaining more than 4%. Salesforce was the best performer in the Dow, rising 3.6%.<br />

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