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    Kiplinger

    Stock Market Today: Tech Rallies, Nasdaq Just Shy of New Highs

    by Kyle Woodley Jun 17, 2021 2 minutes

    The Nasdaq Composite pressed higher Thursday, to within just a few points of a fresh closing record, flipping the script on how the technology-heavy index has acted for much of 2021.

    The Federal Reserve yesterday revealed higher expectations for inflation and signaled that rising interest rates might be here sooner than previously expected. Both of these factors were blamed for the Nasdaq's underperformance earlier this year, but today,

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