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Stocks rise as bank results bolster hopes for a strong economy
The move comes alongside renewed attention on high inflation, after Federal Reserve Chairman Warsh said he would address it.
U.S. stocks rose as investors looked to bank results as a signal of economic strength, helping support broader market sentiment.
The latest trading also kept inflation in focus, with Federal Reserve Chairman Warsh reiterating a commitment to tackle elevated prices, according to The Wall Street Journal.
The combination of stronger read-throughs from financial-sector results and the ongoing inflation narrative contributed to the session's positive tone, WSJ Markets said.
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