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Dow Gains 231, Nasdaq Adds 53, S&P 500 Rises 20Wall Street was rattled Wednesday as Trump said he discussed firing Fed Chair Jerome Powell but is “unlikely” to do it. The post Dow Gains 231, Nasdaq Adds 53, S&P 500 Rises 20 appeared first on TV News Check.
U.S. stocks opened moderately higher on Wednesday, boosted by a tamer-than-expected inflation reading and blowout quarterly results from big banks.
Viatris Inc. closed 32.99% short of its 52-week high of $13.55, which the company achieved on November 25th.
Tech weakness led by ASML hits Nasdaq and S&P500, while Dow gains on strong bank earnings and soft inflation data boosts Fed rate cut hopes.
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June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
US monthly, yearly inflation see highest since January, February, respectively, led by tariffs, prompting Fed to remain cautious before cutting rates - Anadolu Ajansı
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Extreme Greed” zone on Monday.
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