U.S. stocks end lower after Dow Jones hits new record high

NEW YORK, New York - U.S. stocks were mixed Thursday but the Dow Jones touched a new record high during intra-day trading, eclipsing the 40,000 level for the first time, but closing a fair bit below that.

The surge in the Dow followed a limp CPI reading on Wednesday, indicating inflation may be coming under control, which improves chances for up to two highly-anticipated quarter-point rate cuts this year.

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