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Nasdaq pops 3%, Dow jumps 400 points in comeback rally following steep losses earlier in the week

Summary by Ground News
More than 90% of the companies in the benchmark index closed higher. The Dow registered its seventh straight weekly drop. Markets have been slumping since late March as traders worry that the Federal Reserve may not succeed in its delicate mission of slowing the economy. Apple rose 3.2% and Microsoft rose 2.3%.

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  • 80% of the sources are Center
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CNBC broke the news in United States on Thursday, May 12, 2022.
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