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US equities extended last week’s gains Monday, with the Nasdaq Composite posting its fifth gain in the past six sessions, as investors moved on from Federal Reserve Chair Jerome Powell’s address and readied for a busy slate of economic updates. The S&P 500 Index and the Dow Jones Industrial Average were both up 0.6% while the Nasdaq rallied by 0.8%. Energy shares were among the strongest sectors, as crude oil futures rose for a third-straight session and closed at the highest level in over a week. Regional banks and retailers were also higher. Elsewhere, European shares also advanced yesterday, with the Euro Stoxx 50 Index up 1.4%, as tech shares rebounded strongly from three straight sessions of losses.
Summary for 29.08.2023
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