{
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stocks rebound as dollar slips following strong manufacturing data

U.S. stocks rallied in early trade, with the S&P 500 and Nasdaq each gaining over 1%, attempting to end a five-session decline. The dollar slipped after a recent rally, despite a stronger-than-expected manufacturing survey, while U.S. Treasury yields stabilized. Global stocks saw a modest increase, but the dollar index fell 0.2%, reflecting mixed market sentiments.
reuters.com
British Pound Sterling Euro United States Dollar Japanese Yen MSCI Inc. U.S. Bank USA Johann M Cherian Pranav Kashyap
Finance & Economy, Market Report
20:28 03.01.2025

S&P 500 and Dow reach record highs on strong bank earnings

The S&P 500 and Dow reached record highs, driven by strong bank earnings and positive economic signals, with financial stocks leading the gains. The Producer Price Index remained unchanged, supporting expectations for a potential Federal Reserve rate cut in November. Overall, the market reflects confidence in a soft landing for the economy, as advancing stocks outnumbered decliners significantly.
Reuters
United States Dollar JPMorgan Chase & Co. Wells Fargo & Company Tesla, Inc. USA Scott Wren Pranav Kashyap Lisa Mattackal Sinéad Carew Evan Brown Show more
TradFi, Market Report
00:55 12.10.2024
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