US stocks: Nasdaq rallies as investors cheer inflation data, Alphabet https://ift.tt/TFjMZA8

The Nasdaq hit its highest intraday level in over eight months on Wednesday, driven by a slightly lower-than-expected increase in April inflation and Alphabet's latest AI rollout. The CPI rose by 4.9% YoY, but hopes were raised that the Fed's interest rate hiking was close to an end with only a 0.4% rise compared to March's 0.1%.

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