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US Markets Rise on Strong Earnings and Easing Inflation Despite Middle East Tensions

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US stock markets closed higher on Wednesday, buoyed by robust corporate earnings and encouraging inflation data. The latest inflation figures showed a significant slowdown, dimming expectations of a near-term interest rate hike by the Federal Reserve. Despite the positive momentum, concerns over global energy supplies persisted due to ongoing tensions in the Middle East. Technology stocks led the rally, with Asian and European markets also recording gains on the day.

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