Wall Street mixed following tame US inflation report

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Wall Street mixed following tame US inflation report

The blue-chip Dow Jones Industrial Average has closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street’s three main indexes to post weekly gains.

The technology-heavy Nasdaq slipped for the day while the S&P 500 edged slightly lower but both indexes stayed close to recent record highs.

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