US stocks surges after release of inflation dataA trader works on the floor of the New York Stock Exchange in New York, USA, 12 July 2023. US stocks surged on 12 July after the United States Department of Labor data showed that inflation of consumer prices was lower in June. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June, after increasing 0.1 percent in May, while the all items index increased 3.0 percent over the last 12 months, according to the data. EPA/JUST

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