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المشهد العربي
Wall Street Opens Higher on Inflation Drop
The article explains that U.S. stock markets experienced a broad rally following economic data indicating a slowdown in inflation pressures in June. The Dow Jones Industrial Average rose by 244 points, the S&P 500 increased by 0.90%, and the Nasdaq gained 1.75%. The market also saw stability in oil prices, while investors are monitoring the earnings reports of tech giants such as Amazon and Apple. Additionally, U.S. Treasury bond yields reached their highest levels since 2007, climbing to 5.203%, following statements from the Federal Reserve Chairman about the stability of interest rates.
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