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US stocks hold steadier after inflation data, even as IBM plunges
US stocks stabilized after June inflation data showed a 3.5% annual increase, lower than the expected 3.9%, reducing pressure on the Federal Reserve to raise interest rates. Tech stocks like Micron Technology and Nvidia rebounded, while oil prices rose due to Middle East tensions, and President Donald Trump withdrew a proposal to tax cargo through the Strait of Hormuz.
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- US stocks hold steadier, even as IBM plunges toward its worst day ever
- Wall Street calms, and stocks hold steadier after US inflation data comes in less bad than expected
- Inflation beat expectations. IBM stock crashed. Oil surged. The S&P 500 is barely up
- US inflation fell more than expected to 3.5% in June as petrol prices tumbled