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U.S. stocks continued their upward trajectory from the previous week supported by a cooler than expected consumer inflation report and sustained corporate earnings momentum.

U.S. equity markets continued to rebound higher last week and recoup from April’s pullback that was sparked by sticky inflation readings that indicated greater risk of interest rates being held higher for longer.

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Investors reacted positively to the Federal Reserve showing a slightly more dovish stance on monetary policy and an uptick in the unemployment rate, resulting in back-to-back weekly gains for most markets.