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Geregistreerd op: 23 Jun 2021 Berichten: 30
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Geplaatst: 27-07-2021 05:00:29 Onderwerp: Stocks shake off a wobbly start and finish slightly higher |
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Wall Street capped a wobbly day for stocks with modest gains Monday, nudging the major indexes further into record territory.
The S&P 500 shrugged off an early slide and gained 0.2%. Consumer-oriented pg companies, banks and energy and communications stocks helped lift the market. Those gains were kept in check by a pullback in health care and technology companies. Treasury yields mostly rose.
The modest gains follow a turbulent week for the market. A week ago, stocks fell sharply amid worries that fast-spreading variants of the coronavirus could threaten the economic recovery. But the swoon was short-lived, and the major stock indexes rallied to record highs on Friday.
Trading was more muted Monday, as investors monitored a steady flow of corporate earnings and looked ahead to Wednesday, when the Federal Reserve is due to deliver an update on the economy and its interest rate policy.
Traders will be listening for clues as to when the central bank might start winding down its extraordinary support measures for the economy and how concerned it is about inflation. |
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