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US equities finished mostly higher in Wednesday trading, with the Dow Jones closing down 20bps, while the S&P500 and Nasdaq finished up 49bps and 122bps respectively. Stocks today only managed a moderate bounce relative to the extent of declines across Monday and Tuesday sessions, with oversold conditions the easiest excuse. Cooler-than-expected February core CPI report also helped ease stagflation concerns, though no shift in expectations for the Fed to hold next week.
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US equities finished mostly higher in Wednesday trading, with the Dow Jones closing down 20bps, while the S&P500 and Nasdaq finished up 49bps and 122bps respectively. Stocks today only managed a moderate bounce relative to the extent of declines across Monday and Tuesday sessions, with oversold conditions the easiest excuse. Cooler-than-expected February core CPI report also helped ease stagflation concerns, though no shift in expectations for the Fed to hold next week.
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