![](https://img2.s3wfg.com/web/img/images_uploaded/5/d/dl-wall-street-wall-st-new-york-city-nyc-ney-york-stock-exchange-nyse-nasdaq-dow-jones-industrial-average-djia-trading-us-usa-united-states-of-america-2023120702241.jpg)
US close: Markets rise despite bank sell-off as rate-cut hopes increase
Investors were largely shrugging off an upside surprise to June's producer price index and instead chose to focus on Thursday's sharper-than-expected slowdown in consumer-price inflation to its joint lowest level in more than three years. All three …