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...William W Chip Washington, DC, US...
...The S&P 500 rose 1 per cent as US stocks and Treasuries rallied after US Federal Reserve chair Jay Powell said it was unlikely the Federal Reserve’s next policy move would be an interest rate increase....
...A broad rally for US equities lifted the S&P 500 to a three-week high and brought up its first four-session winning streak since March....
...The S&P 500 ended 1.6 per cent lower on Tuesday for its biggest one-day drop since the end of January, while the tech-heavy Nasdaq Composite dropped 2 per cent....
...The S&P 500 closed 1.3 per cent higher on Friday, its biggest one-day gain since late February. Almost three-quarters of its members advanced, led by strong gains in the tech sector....
...The energy sector was up 1.2 per cent during lunchtime trading, making it the best-performing sector in the S&P 500 on Monday....
...Some of the biggest losers in the S&P index included Nvidia, down 10 per cent for its worst day since March 2020, and Facebook parent Meta, down 4.1 per cent....
...About nine in 10 S&P 500 stocks were trading lower as traders assessed US inflation data that was higher than expected for March....
...The S&P 500 on Friday rallied the most since February after the US economy was shown to have added fewer jobs than expected during April....
...The S&P 500 declined on Thursday, headed for its fifth straight loss since October....
...The benchmark S&P 500 was down 1.5 per cent in Friday afternoon trading....
...US blue-chips ended their best quarter in five years, with the S&P 500 squeezing out a 0.1 per cent gain even as big tech names including Apple, Tesla and Meta dragged the Nasdaq Composite to a similar-sized...
...The benchmark index closed 0.1 per cent higher on Wednesday afternoon in New York as just over half of its constituent stocks rose....
...Wall Street’s S&P 500 was down 0.1 per cent. Consumer discretionary, industrials and tech were the benchmark’s worst-performing sectors, down 0.5 per cent, 0.4 per cent and 0.3 per cent, respectively....
...Wall Street’s S&P 500 was down 0.1 per cent on Monday....
...The small-cap focused Russell 2000 added 2.1 per cent....
...The benchmark S&P 500 closed 0.7 per cent lower on Tuesday, its biggest one-day drop since early March....
...Gold hit a record high for the third successive session, climbing 1.2 per cent to $2,277 per troy ounce....
...The S&P 500 was headed for a record closing high as traders assessed US inflation data that unexpectedly increased last month....
...The tech-dominated Nasdaq Composite added 0.1 per cent. Shares in Amazon, Microsoft, Meta, Nvidia and Alphabet rose while Tesla and Apple lost ground....
...The Nasdaq Composite rose 1.3 per cent for its first record high close since March 1. All Magnificent Seven stocks advanced....
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