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Stock futures ticked higher and bond yields retreated, despite data showing inflation at its highest level since 1982, as investors bet that the price pressures affecting the economy might be peaking.
Futures for the S&P 500 rose 0.5% Wednesday. The broad-market index gained Tuesday, snapping a five-day losing streak. Contracts for the tech-focused Nasdaq-100 added 0.7% and futures for the Dow Jones Industrial Average gained 0.4%.
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