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Dow Closes Up More Than 600 Points on Retail Spending Data

Summary by Ground News
The gains weren't enough to pull major indexes out of the red for the week, however, following worrisome reports on high prices facing consumers and businesses. A July survey from the University of Michigan showed that inflation expectations have held steady or improved, along with general consumer sentiment. The report also bodes well for investors looking for signs that the Federal Reserve might eventually ease off its aggressive policy to fight inflation.

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Bias Distribution

  • 58% of the sources are Center
58% Center
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Star Advertiser broke the news in Honolulu, United States on Friday, July 15, 2022.
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