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The tech-heavy Nasdaq 100 led the stock market higher on Tuesday, extending its gains from Monday as worries about rising inflation eased. The Dow Jones and S&P 500 were within striking distance of record highs. The easing of inflation fears has been sparked by a drop in interest rates and commodity prices like copper and lumber. Those essential building blocks for the US economy are down about 8% and 30% from their recent highs, respectively. Meanwhile, the 10-year US Treasury yield fell to a 1-month low at 1.537%.
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