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(Reuters) – U.S. stock index futures extended gained sharply on Wednesday after data showed monthly consumer prices rose at a slower pace than expected, dousing expectations of an aggressive rate hike by the Federal Reserve next month.
At 08:33 a.m. ET, Dow e-minis were up 427 points, or 1.3%, S&P 500 e-minis were up 71.25 points, or 1.73%, and Nasdaq 100 e-minis were up 316 points, or 2.42%.
