Inflation slowdown boosts Wall Street performance
The U.S. stock market rose after the release of June's inflation data, which showed a monthly decrease of 0.4% and a yearly rate of 3.5%. This led to a reduction in the likelihood of the Federal Reserve raising interest rates, down to 17% from 42% previously. Additionally, the recovery of semiconductor stocks and rising oil prices, despite IBM's share falling by 22%, contributed to market stability. Meanwhile, markets anticipate at least one interest rate hike by September.
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