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Wall Street mixed; Dow pressured by selloff in Salesforce shares

Salesforce drops on co-CEO exit plan Dollar General falls on slashing annual profit view US manufacturing shrinks for first time in 2-1/2 years in Nov Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% Dec 1 (Reuters) – Wall Street was mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested …

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Here’s what history says about stock market performance in December

US stocks are wrapping up a good November that saw equities to bounce off their 2022 lows set in October, with optimism building that the momentum will cement a year-end rally. Indeed, there’s been a lot of talk about seasonal tailwinds and how they might — or might not — work to the advantage of …

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S&P 500 ends down as Apple dips and traders eye Powell speech

Investors look to Powell speech for interest rate clues US consumer confidence slips in November S&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01% Nov 29 (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by US Federal Reserve Chair Jerome Powell that could provide hints …

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Fed will likely need to keep interest rates above 5% into 2024 to succeed in taming inflation, Bullard says

The Federal Reserve will likely need to keep its benchmark policy rate north of 5% for most of 2023 and into 2024 to succeed in taming inflation, said St. Louis Fed President James Bullard during an interview with MarketWatch. “I think we’ll have to stay there all during 2023 and into 2024,” Bullard told MarketWatch’s …

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US stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

US stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA Finished down by 497.57 points, or 1.5%, at 33,849.46, not far from its …

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Wall Street ends down sharply, hit by Apple and China worries

Cyber ​​Monday spending to hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer’s drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – US stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked …

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Nasdaq ends down as investors eye Black Friday sales, China infections

Retailers in focus as Black Friday sales start Activision down on likely FTC argument to block Microsoft deal Apple slips, Foxconn China plant sees lower shipments Indexes: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc (AAPL.O) in a …

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Bear markets come in three stages; and we’ve only just started the second, says veteran analyst.

Stocks will start the Black Friday half-session near 10-week highs, having rebounded partly on hopes the Federal Reserve will be slowing the pace of interest rate rises as it waits to see how much previous tightening has impacted the economy. Investors are thus looking ahead to when the Fed eventually pivots and borrowing costs can …

Bear markets come in three stages; and we’ve only just started the second, says veteran analyst. Read More »