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The Dow Jones Industrial Average rose 1.1% on Thursday to close at 52,177.69, snapping a two-day losing streak as traders moved past fresh concerns about rising prices.
The S&P 500 gained 0.3% to finish at 7,744.06, while the Nasdaq Composite edged up 0.1% to 26,713.03. Most sectors ended the day in positive territory, with healthcare leading the advance and energy among the laggards.
The market reaction followed the release of official data showing US producer prices jumped at the fastest pace in more than four years in September, driven by a surge in energy costs.
This development came one day after reports indicated that consumer inflation had also accelerated in the same period.
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