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US stocks record worst day in two months on rate rise worries
By Kate Duguid, Martha Muir & Jaren Kerr
Stocks close lower Friday after hot inflation report; major averages log worst week in 2023
By Sarah Min & Hakyung Kim
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Formerly TwitterCarl Quintanilla
carlquintanilla
* S&P 500 HITS INTRADAY RECORD HIGH, LAST UP 0.1%
@Reuters 🇺🇸 pic.twitter.com/KK5PrBAdMO
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Carl Quintanilla
carlquintanilla
B of A: “.. We remain constructive on the S&P 500 .. but our conviction has waned given the thawing of extreme bearish sentiment. Our year-end $SPX forecast 5400 implies weak returns, but we have high conviction in large cap value, cyclicals, and dividends.” [Subramanian] pic.twitter.com/VaALDV6S59
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Liz Ann Sonders
LizAnnSonders
Dispersion continues at elevated levels in U.S. equities, accompanied by depressed levels of index volatility; spread between 3m trailing averages of DSPX and VIX is highest ever with dispersion about double market volatility, which suggests that while investors may be enjoying… pic.twitter.com/hn0aHS5OvD
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Charlie Bilello
charliebilello
The S&P 500 closed at another all-time high yesterday, its 25th of the year. Over the last 12 years, the S&P 500 has hit 372 all-time highs, which is more than any 12-year period in history. $SPX
Video: www.youtube.com/watch?v=tU1XJRmOce8&t=34s pic.twitter.com/aMPioKt2P1
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Dow closes nearly 700 points lower in broad selloff, as all indexes cap their worst day of 2023: Live updates
By Fred Omar Imbert & Hakyung Kim