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S&P 500 and Dow Rally on Rate Hike Delay

The S&P 500 and Dow rose Wednesday afternoon on renewed expectations of a delay in interest rate hikes, while the Nasdaq remained under pressure from Microsoft and Alphabet’s disappointing earnings. The 10-year Treasury yield plummeted to a one-week low after the Bank of Canada’s smaller-than-expected rate hike. Economic data and company outcomes imply that rising […]

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