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The stock market continues to look strong as all three major indexes rose Monday. The S&P 500 climbed 0.4%, the Nasdaq Composite added 0.19% and the Dow Jones Industrial Average gained 0.52%. U.S. stock futures were flat on Monday night after the Dow Jones Industrial Average registered its longest winning streak since February 2017. Dow Jones Industrial Average futures inched down 12 points, or 0.03%. Futures linked to the S&P 500 slipped by 0.03%, and Nasdaq 100 futures ticked lower by 0.04%. While a stronger-than-expected earnings season has helped maintain the market rally, Wall Street is also carefully awaiting the Federal Reserve’s policy decision on Wednesday. Fed fund futures data shows a 98% probability of a quarter-point hike. Investors are waiting for Chair Jerome Powell’s statements on his outlook for the economy as it tackles inflation.
Summary for 25.07.2023
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