Evening Market Recap - Thursday, 16-September
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US equities mostly lower in Thursday trading, though well off the days worst levels and the declines were very modest. Todays action follows a Wednesday bounce that saw the SandP up the most in over two weeks despite not having any clear catalysts. August headline retail sales rose 0.7% m/m, a surprise increase against estimates for a 0.9% contraction.
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US equities ended mostly lower this week as the market struggled to shake off more hawkish repricing of Fed rate cut expectations and geopolitical volatility in the Middle East. Recent Fedspeak supplied ongoing support for higher-for-longer rate narrative with Powell noting this week recent data...
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