Positive Economic Data Lifts Stocks
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Description
U.S. equities rallied heading into the weekend, but the bounce wasn't enough to keep the major indexes out of negative territory for the week.
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The S&P 500 index climbed to a one-month high after a surprisingly high jump in weekly jobless claims fueled hopes for Fed cuts.
Published 05/09/24
Published 05/09/24
The Dow Jones Industrial Average ended at a five-week high, although the broader market was otherwise mixed ahead of key inflation updates.
Published 05/08/24
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