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Notably, AI darlingNvidiaand Google parentAlphabetdropped more than 1% each on Tuesday. This extended their losses over the past week as the rest of the market has taken off. "There's a lot of momentum behind this rotation trade from from big-cap tech into small caps and into the average...
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“This news really is really a deflationary shock that the Fed has to consider,” said Gina Bolvin, president of Bolvin Wealth Management Group. “It’s definitely a game changer.” February’s consumer price index, the next data point to be released that can provide insight into the path ...
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Please check back tomorrow for more markets news.4:19 a.m. 19:35:51, April 16, 2020 Dow and S&P 500 log worst day since April 1 From CNN Business' Anneken Tappe US stocks closed lower on Wednesday, after weak economic data and earnings weighed on the market all day. Energy ...
It wasn’t all good news for McDonald’s in the third quarter, however. Consolidated revenues fell 5%. The company said that the results were “negatively impacted by foreign currency translation,” pointing to thestrong US dollarto explain the decline. In constant currencies it said consolidated...