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Data calms inflation fears as US stocks move higher

Health-care sector leads on the day, financials the biggest decliners

Data calms inflation fears as US stocks move higher

US stocks rose on Wednesday as the latest data on inflation and consumer activity pointed to an economy that continued to get stronger, though not at a pace that suggested an immediate risk of overheating, MarketWatch reports.

The gains indicated a rebound from Tuesday, when traders may have used the departure of Secretary of State Rex Tillerson, the latest example of political uncertainty, as an excuse to book some profits.

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