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flag U.S. stock markets surged despite a rise in inflation, with the Dow Jones climbing 1.36%.

flag Despite an increase in inflation, U.S. stock markets surged on Thursday. flag The Dow Jones Industrial Average climbed 1.36%, the S&P 500 gained 0.85%, and the NASDAQ Composite rose 0.72%. flag The consumer price index rose 0.4% for the month, bringing the annual inflation rate to 2.9%. flag Traders saw this increase as insufficient to deter an expected Federal Reserve rate cut. flag Global markets showed mixed results, with Wall Street leading gains and some Asian indices closing lower.

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