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  • NEWS Desk Global

NASDAQ RISES AS LONG-TERM TREASURY YIELDS RETREAT, FED MINUTES AWAITED

The Nasdaq rose on Wednesday as easing long-term U.S. Treasury yields boosted megacap stocks, while investors shrugged off hotter-than-expected inflation data and awaited minutes from the Federal Reserve's last policy meeting.

U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate.

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