Inflation data to test record-setting US stocks, Fed rate views

A sharp technology-led rally that has lifted the U.S. stock market to record peaks will be tested next week by fresh inflation data, which could build the case ​for the Federal Reserve to raise interest rates. The S&P 500 (.SPX), opens new tab this week posted its first all-time closing high in two months, propelled by tech and semiconductor shares that ‌had stumbled in between the record peaks. Over a four-session stretch ending on Tuesday, the benchmark index gained 5.75%, its biggest…

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