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Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Global equities were higher on Monday in muted trading ahead of the U.S. Thanksgiving holiday later in the week.
Wall Street’s main indexes inched higher on Wednesday as investors parsed earnings reports and comments from Federal Reserve officials.
S&P 500 and Nasdaq extend gains as U.S. Treasury yields retreat on Fed’s rate hike stance.