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Stock indexes reversed gains from earlier in the day to close lower on Tuesday as a fresh set of economic data triggered a bout of inflation fears, clouding rate cut views.
U.S. stocks soared Friday as a rally fueled by lighter-than-expected inflation data this week helped equity markets log their longest winning streak since November 2021.
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All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
In the commodity markets, Brent crude, the international oil benchmark, fell 1.55% to $83.27 a barrel Tuesday morning. U.S. bond yields fell, with 10-year Treasury dropping to 4.1% as data showed ...
U.S. stocks extended this week's dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020.. The S&P 500 rose 0.9%, notching ...