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4:10pm: S&P 500 closes at record high as market shakes off a key inflation report The US stock market ended the week with a surge after the Labor Department’s Consumer Price Index (CPI) revealed a high inflation rate for November. S&P 500 closed at 4,712 points, bumping up by 44 points, while Dow Jones Industrial Average closed with a 0.61% increase, at 35,971.
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