Stocks Finish Higher as Easing Price Pressures Curb Interest Rate Concerns

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What you need to know… The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.85%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.73%. Stock indexes Thursday added to Wednesday’s gains, with the S&P 500 at a 15-month high and the Nasdaq 100 at a 1-1/2 year high. Stocks moved higher Thursday on optimism that the moderation of U.S. price pressures will soon allow the Federal Reserve to end its interest rate hiking campaign after producer prices rose less than expected in June. On the negative side was an unexpected decline in wee…

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