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Stocks rose Tuesday, with the Nasdaq Composite reaching a new closing high amid fresh US economic data and anticipation of a key inflation report.
Despite recent gains, the Dow Jones Industrial Average experienced its first losing day in nine sessions on Monday, reflecting rising inflation concerns among consumers.
Amidst a dynamic economic backdrop, the Dow Jones Industrial Average capped off its eighth consecutive winning day, marking its strongest week of 2024 with an impressive performance.
Thursday's trading session concluded with significant gains in the US stock market, underscored by a 331.37 point surge in the Dow Jones Industrial Average, marking its seventh consecutive day of gains.
The Dow Jones Industrial Average continued its winning streak on Wednesday, marking its sixth consecutive positive day and longest stretch of gains so far in 2024.
The stock market session saw the Dow Jones Industrial Average extend its winning streak, the longest since December, signalling a slightly optimistic outlook among investors hoping for interest rate cuts by the Federal Reserve.
In a healthy start to the week, global stock markets posted significant gains, driven by the anticipation of potential rate cuts from the Federal Reserve in response to the latest US employment figures.
In a turnaround from previous trends, the stock market witnessed an impressive uplift, with the Dow Jones Industrial Average climbing over 400 points, lifted by a softer-than-anticipated April jobs report.
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