After four down sessions, U.S. equities firmed into the close as August CPI matched expectations, easing the week’s rate jitters sparked by hotter PPI and a spike in crude.
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Uneven gains The three major U.S. large-cap stock indexes posted weekly gains and the NASDAQ and the S&P 500 both outperformed the Dow by wide margins, repeating a pattern from the previous week. In terms of market capitalization, a small-cap benchmark significantly outpaced its large-cap peers.
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