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US equities edged higher Monday in a short but quiet session ahead of the July 4 holiday, as investors looked forward to updated employment data later in the week that could factor into the Federal Reserve’s next interest rate moves. The Dow added 10 points, while the S&P 500 and the Nasdaq edged 0.1% and 0.2% higher, respectively. Shares from rate-sensitive sectors edged lower after ISM PMI data showed that US manufacturing contracted more than expected for an eighth consecutive month in June. Meantime, European shares cut earlier gains and closed flat on Monday.
Summary for 04.07.2023
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