Wall Street touches new record

US stocks close higher as investors welcome hints from the US Federal Reserve that the recent lift in inflation will not push rate rises forward.

US stocks have closed higher as investors welcomed hints from the US Federal Reserve that a recent lift in inflation will not push rate rises forward.

At the closing bell, the Dow Jones Industrial Average jumped 98.13 points, or 0.58%, to 16,906.62, within 50 points of its record closing high.

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