Several stocks saw a boost after key inflation data aligned with forecasts, hinting at potential interest rate cuts by the Federal Reserve. The Personal Consumption Expenditures price index for August showed a slight year-over-year increase, easing worries about inflation. This news sparked positive sentiment on Wall Street, leading to gains across various sectors. Among the impacted stocks was Mercury Systems, which has shown steady growth and is trading near its 52-week high. The Federal Reserve recently cut interest rates, citing concerns about the labor market, and signaled more cuts could be on the horizon. This decision has fueled optimism in the stock market.

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