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The major US equity indices inched ahead Friday, ending an otherwise quiet week with a gain, thanks to a handful of mega-cap companies that have pushed index benchmarks higher even as most of the market wallows in the doldrums. The mood was subdued last week. Equities have generally traded in a narrow range and volatility measures declined even as the broad S&P 500 Index formally pulled out of its recent bear market on Thursday, having risen 20% from its October 12 closing low. Meantime, European equity markets booked a weekly loss, with the Euro Stoxx 50 down 0.9% over the five-day stretch.
Summary for 12.06.2023
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