Wall Street rallies as strong inflation data cements rate-hike bets

(Updates with afternoon trading, adds analyst comment)
* CPI up 0.4% in August, after 0.1% rise in July
* Dell hits record high, hardware stocks climb
* S&P 500 0.99%, Nasdaq 1.08%, Dow 1.08%
By Noel Randewich and Tharuniyaa Lakshmi
Sept 11
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