Stocks suffer biggest drop in months as rising COVID cases shake confidence: July 20
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Rising concerns about inflation and the resurgence of COVID-19 infections among the unvaccinated walloped Wall Street on Monday, with major benchmarks suffering their worst declines since May, even as quarterly earnings continue to reflect a strengthening economic rebound.
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US stocks finished close to where they started Tuesday but largely built on a string of gains amid growing hopes for rate cuts later this year. Meanwhile, investors soured on Disney's earnings, sending the stock down sharply.
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Published 05/08/24
Published 05/08/24
Stocks closed near session highs Monday, as the S&P 500 (^GSPC) notched its best three-day run in a rip-roaring 2024. Wall Street continued to build on an end-of-week surge precipitated by a softer-than-expected jobs report that helped spur bets toward an earlier rate cut from the Federal...
Published 05/07/24
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