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The S&P 500 added 0.4% and pulled closer to its all-time high.
U.S. consumer sentiment fell to a record low, below levels during 2022’s peak inflation.
KEY POINTS
- Estee Lauder surged 11.9% after officially ending merger talks with Spain’s Puig.
- Traders have eliminated bets on any Federal Reserve rate cuts later this year.
- US consumers now expect 4.8% inflation next year, up from 4.7% last month.
- Japanese inflation dropped to a four-year low, even as global oil prices rose.
COMPANIES
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