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Climbing Treasury yields and concerns that interest rates might need to remain higher for longer to contain inflation proved too much for the major equity indices Thursday, with the S&P 500 Index and Nasdaq Composite sinking to their lowest levels since late June. Shares have now fallen for three straight days. Elsewhere in Europe, shares also ended lower yesterday, with the Euro Stoxx 50 Index down 1.3% to its lowest level in five weeks led by a decline in industrials and tech shares.
Summary for 18.08.2023
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