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Stronger-than-expected quarterly numbers from Walmart and growing optimism over the debt-ceiling negotiations helped push the S&P 500 Index and Nasdaq Composite to near nine-month highs Thursday, though the market has also started putting higher odds on another rate increase from the Federal Reserve in June. The S&P 500 climbed 0.94% and the Nasdaq Composite jumped 1.21% while the Dow rose 0.34%. European equity markets also registered solid gains, with the Euro Stoxx 50 index rallying 1.02%.
Summary for 19.05.2023
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