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Dow edges down from record as some eye a smaller Fed rate cut

Summary by Inquirer
Wall Street stocks finished little changed Tuesday as investors weighed how better than expected retail sales data would affect a Federal Reserve decision. After closing at a record Monday, the Dow edged lower, while both the S&P 500 and Nasdaq ended with modest gains. “I think investors are beginning to recalibrate their expectations,” Jack Ablin

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Inquirer broke the news in Manila, Philippines on Wednesday, September 18, 2024.
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