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Markets held steady Wednesday, awaiting mega-cap earnings, upcoming inflation and jobs data, the Fed meeting, and elections.
The Nasdaq Composite hit a new intraday high, buoyed by tech sector strength, but closed just below its peak. Meanwhile, the S&P 500 and Dow Jones saw their first weekly losses in seven weeks.
The stock market recently faced challenges, ending the week with its worst losses in over a month. Rising Treasury yields and a strengthening U.S. dollar exerted downward pressure on stocks.
As of Friday’s market close, U.S. stocks completed their sixth consecutive week of gains, achieving a new record high. This rally has been fueled by strong corporate earnings results across multiple sectors, boosting investor confidence.
The U.S. economy remains resilient, fueled by strong corporate earnings and a solid labor market, but risks still loom ahead
The US stock market continues to show resilience, fueled by positive earnings and easing inflationary pressures. However, the challenges posed by inflation still appear to be far from over.
Stocks rallied for the second consecutive session on Wednesday, with markets reaching new records despite mixed signals in the economy.
The U.S. economy continues to display mixed signals, with both growth and challenges emerging across various sectors.
Rise in inflationary pressures, job market fluctuations, and recent shifts in consumer behaviour forces US Economy and Market to Slow Down
The general sentiment indicates that although the rate cut might encourage short-term business investments, many believe that lasting improvements will only occur following further easing of monetary policy.
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