Modest Inflation Data Helps Push US Stocks Higher
US stocks pushed higher in early trade Friday, looking toward a possible third straight gain helped by data showing the economy continues to grow with inflation in check. Fresh data signaled continued modest growth in the US economy, with a slowdown in the producer price index to a 1.7 percent annual pace, and another 0.4 percent monthly gain in industrial output in July, led by a 1.0 percent rise in manufacturing.
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