S&P, Nasdaq extend record highs as post-CPI rally continues

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The iconic Charging Bull statue is not surrounded by the usual crowd because the city is deserted during the state of emergency triggered by the COVID-19 pandemic.

Alex Potemkin

Wall Street's major averages extended their gains on Wednesday and continue to hit new highs, a day after the S&P 500 and Nasdaq notched record closes fueled by heightened expectations for Federal Reserve rate cuts.

The benchmark S&P 500 (

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