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US Stock Market Record Rally Stalls, Wall Street Awaits Economic Data Release
Summary: According to sources, on Wednesday morning, the record rally in the US stock market stalled, with the S&P 500 index flat, the Nasdaq 100 index down 0.2%, and the Dow Jones Industrial Average up 0.3%. Sameer Samana, Global Equity and Real Assets Head at Wells Fargo Investment Institute, stated that the market needs more information ...
According to sources, on Wednesday morning, the record rally in the US stock market stalled, with the S&P 500 index flat, the Nasdaq 100 index down 0.2%, and the Dow Jones Industrial Average up 0.3%. Sameer Samana, Global Equity and Real Assets Head at Wells Fargo Investment Institute, stated that the market needs more information to break through current highs. Additionally, ADP research data shows moderate growth in US company hiring in December, with the private sector adding 41,000 jobs, below economists' expectations, as investors await the non-farm payroll data to be released on Friday.
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Link: US Stock Market Record Rally Stalls, Wall Street Awaits Economic Data Release [Copy]
