Wall Street Extends Rally as Cooling Oil Prices Ease Inflation Fears, While Voters Signal Support for Abortion Rights
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Wall Street stocks on longest winning streak in 2 years, fueled by oil price slump easing inflation worries
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Softer energy prices pulled down inflation expectations, calmed bonds ahead of Fed speeches
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Fed speakers gave mixed views on need for further rate hikes
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Global stocks fell back despite Wall St futures steady before Powell speech
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Democrats saw electoral gains Tuesday on abortion rights issue, signaling motivation ahead of 2024