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Several tech stocks, including Five9, Fastly, Domo, and PubMatic, surged after the Consumer Price Index report showed a 3.0% year-over-year increase, below expectations. This moderation in inflation may lead to a shift in the Federal Reserve's interest rate policy, potentially benefiting tech companies. The stocks jumped 2.7-2.9% amidst hopes for a pause or cut in interest rates, which would reduce borrowing costs and increase the present value of their future earnings.

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