The Nasdaq closed at a record high, fueled by a sharp rally in Nvidia shares, even as other major Wall Street indices edged lower. Markets reacted to a key inflation report and a flurry of bank earnings. Consumer prices posted a notable rise, adding to inflation concerns. Banking stocks were volatile—JPMorgan Chase offered an improved outlook, Wells Fargo reported higher profits, BlackRock hit a new milestone, and Citigroup’s trading division delivered a strong boost to earnings.
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