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Big Tech-led gains lift stocks as wholesale inflation falls
Wholesale prices fell unexpectedly, helping offset renewed concerns from U.S. strikes tied to Iran.
U.S. stocks closed higher, with gains in Big Tech outweighing fresh worries related to the Iran conflict, according to CNBC World.
The session also featured a surprise decline in wholesale prices, a factor that helped investors look past the latest developments.
CNBC World also noted that U.S. strikes, including references to a naval blockade, did not prevent the market from ending the day in positive territory.
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