Stock markets

Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data

Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data

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Stocks jump for a second day Stocks rose for a second day on Wednesday following upbeat earnings results from Nike and FedEx. The Dow Jones Industrial Average gained 526.74 points, or 1.6%, to finish at 33,376.48. The S&P 500 surged 1.49% to settle at 3,878.44, while the Nasdaq Composite jumped 1.54% to end at 10,709.37. …

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Wall Street sell-off accelerates, Dow slides 600 points after Powell speech

Wall Street sell-off accelerates, Dow slides 600 points after Powell speech

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Communications services sector, Big Tech names lead declines after Powell’s speech The communications services sector, which includes Big Tech stocks, drove the market sell-off that ensued following Federal Reserve Chair Jerome Powell’s speech. The S&P 500’s communications services sector slumped by 2.5% around 10:42 a.m. ET. Tech giants in the group helmed the decline, with …

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