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US equities ended mostly higher in Thursday trading, just off best levels, after shaking off early-morning weakness. In-line core PPI print provided some relief following a third straight hotter core CPI reading that drove a meaningful – and further – hawkish repricing of Fed pivot expectations. Renewed momentum and growth outperformance is the other big story, with some likely help from the recent flurry of AI headlines and upbeat sell-side research.
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