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p>Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July.</p>

p>The S&P 500 jumped 2.1% Wednesday on expectations that slower inflation will mean the Federal Reserve won´t hike interest rates as much as feared. Technology stocks, cryptocurrencies and other investments among the year´s biggest losers due to the Fed´s aggressive rate hikes led the way.</p>

p>Treasury yields pulled back following the inflation data, as traders pared their bets for how much the Fed will raise interest rates at its meeting next month.</p>

p>On Wednesday:</p>

p>The S&P 500 rose 87.77 points, or 2.1%, to 4,210.24.</p>

p>The Dow Jones Industrial Average rose 535.10 points, or 1.6%, to 33,309.51.</p>

p>The Nasdaq rose 360.88 points, or 2.9%, to 12,854.80.</p>

p>The Russell 2000 index of smaller companies rose 56.36 points, or 2.9%, to 1,969.25.</p>

p>For the week:</p>

p>The S&P 500 is up 65.05 points, or 1.6%. https://zenwriting.net/refundparrot3/vebitcoin-turkey-arrests-four-people-after-cryptocurrency-collapses </p>

p>The Dow is up 506.04 points, or 1.5%.</p>

p>The Nasdaq is up 197.25 points, or 1.6%.</p>

p>The Russell 2000 is up 47.42 points, or 2.5%.</p>

p>For the year:</p>

p>The S&P 500 is down 555.94 points, or 11.7%.</p>

p>The Dow is down 3,028.79 points, or 8.3%.</p>

p>The Nasdaq is down 2,790.17 points, or 17.8%.</p>

p>The Russell 2000 is down 276.06 points, or 12.3%.</p>