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The major US equity indices were lower Tuesday, with a disappointing forecast from economic bellwether, Home Depot weighing down the Dow Jones Industrial Average as investors braced for another round of debt ceiling talks. Meanwhile, data showed retail sales rose only 0.4% in April, well below market expectations of 0.8% as receipts at gasoline stations unexpectedly declined despite higher fuel prices. European equity markets were also subdued yesterday, with the Euro Stoxx 50 Index closing around the flat line for the second day in a row.
Summary for 17.05.2023
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