Evening Market Recap - Wednesday, 14-Jul
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US equities finished Wednesday mixed, with growth outperforming value, defensives leading the market, and small-caps and financials underperforming. June PPI came in hotter than expected. Banks underperform on earnings beats. Democrats announce a deal for a $3.5T "human infrastructure" spending plan. Apple makes new highs on a positive iPhone production report.
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US equities finished mixed in Wednesday trading, little changed after a strong start to week, with the Dow Jones down 11 bps, while the S&P500 and Nasdaq finished up 2bps and 10bps respectively. March headline and core durable goods orders beat though February revised down across the board....
Published 04/24/24
Published 04/24/24
US equities ended higher Tuesday, near best levels. Momentum, growth, long duration, small-caps, and lower quality were the big factor beneficiaries. Bounce continued today with help from lower rates/weaker dollar in the wake of softer flash PMI data. Some better earnings takeaways, particularly...
Published 04/23/24
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