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US Stocks End Higher After CPI Data, Market Volatility Drops Sharply

US stocks settled higher on Thursday, extending gains after data showed a decline in consumer prices for December. Consumer prices declined for the first time in over 2-1/2 years last month, according to the recent report. A separate report also showed a drop in weekly jobless claims. Big US banks will kick off the start of the Q4 earnings season on Friday.

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