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[Chart courtesy of MarketWatch.com] Stocks shot higher this morning as traders cheered the latest inflation data, hoping the numbers wouldn’t get in the way of a long-awaited Fed rate cut next week. All three major indexes notched new all-time highs during the session, thanks in part to a hefty short-squeeze that sent the bears running. The CPI report was a …

[Chart courtesy of MarketWatch.com] The S&P 500 jumped to another record this morning after wholesale inflation surprised traders by falling—a welcome sign for anyone hoping the Fed will finally pull the trigger on a rate cut next week. Oracle stole the show, with its shares rocketing more than 40% after a blockbuster AI-fueled forecast that rippled out across the tech …

[Chart courtesy of MarketWatch.com] The push to extend yesterday’s rally sputtered out pretty quickly today. After some early enthusiasm, the major indexes slipped back and mostly hovered near unchanged before managing to eke out modest gains by the closing bell. The big news from the Labor Department was a huge revision to last year’s job growth—turns out they overestimated by …

[Chart courtesy of MarketWatch.com] The Nasdaq popped to a new record this morning, while the S&P 500 held mostly flat as Wall Street geared up for a week packed with crucial inflation numbers. Nvidia bounced nearly 2% and Meta added over 1%, joining gains from other big tech names like Amazon and Microsoft, which helped the “Magnificent Seven” keep some …