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flag Stocks climb as Microsoft and Meta boost markets, despite higher-than-expected inflation.

flag Stocks on Wall Street rose on Thursday, with the S&P 500 and Nasdaq nearing record highs. flag This follows significant gains for Microsoft and Meta Platforms (Facebook's parent company), which saw shares surge after reporting better-than-expected financial results and updates on their artificial intelligence efforts. flag The Commerce Department reported a 2.6% increase in June inflation, higher than expected. flag Meanwhile, the Federal Reserve left interest rates unchanged, with market expectations for a rate cut in September dropping to 39.2%.

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