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S&P 500, Nasdaq touch record highs on cooling inflation data, Cisco earnings on tap: Yahoo Finance

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Consumer Price Index,Intraday Highs,Super Micro Computer

Both the S&P 500 (^GSPC) and the Nasdaq (^IXIC) hit new intraday highs after the April Consumer Price Index report showed further signs that inflation is...

Both the S&P 500 and the Nasdaq hit new intraday highs after the April Consumer Price Index report showed further signs that inflation is cooling. Consumer prices rose 3.4% from a year ago. Core CPI, which strips out more volatile food and energy prices, rose 3.6% year-over-year. Both pieces of data were in line with economists’ estimates. One stock investors are watching today is Cisco . The tech giant reports its fiscal third quarter results after the market close.

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