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US stocks trending downward in early trading to close out week
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U.S. equity futures are trading lower ahead of the final trading session of the week.
Stocks in this Article
On Wall Street, stocks rose broadly for a second day in a row, reversing losses for the week. Investors were pleased to have gotten some clarity from the Federal Reserve a day earlier that it was not on the verge of raising interest rates.
U.S. stocks rose for the second straight day, reversing the sharp pullback at the start of the week. The S&P 500 rose 1.2% to 4,448.98. More than 85% of companies in the benchmark index notched gains.
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The Dow gained 1.5% to 34,764.82, while the Nasdaq rose 1% to 15,052.24. The Russell 2000 rose 1.8% to 2,259.04. It’s up 1% for the week.
The rally put the major indexes on pace for weekly gains just four days after a broad sell-off on Monday handed the S&P 500 its biggest skid since May and knocked the Dow more than 600 points lower.
The market’s sharp swings reflect how quickly investor sentiment can change. With the market hovering near all-time highs, traders tend to see waves of selling as buying opportunities.
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