US Stocks Near Record as Inflation Cools
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- US stocks rose to within 0.5% of their record high per AP News, even as oil prices kept climbing.
- Bonds rose alongside equities as tame inflation data dimmed Fed rate-cut bets, with S&P 500 futures edging higher on easing inflation worries and strong bank earnings, per Bloomberg and Yahoo Finance headlines.
Why it matters: Stocks approaching records on cooling inflation and strong bank earnings shows investors pricing in a benign Fed path, but rising oil prices represent a competing price pressure the rally is currently ignoring.
