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US equities fell a third-straight day, sending the S&P 500 Index and the Nasdaq Composite to two-week lows as the 10-year Treasury yield extended a climb to within an eyelash of the 5% mark. IN an address at the Economic Club of New York, Federal Reserve chair Jerome Powell reinforced the likelihood the central bank will maintain elevated interest rates for some time to come. The S&P 500 was down 0.9%, the Dow Jones Industrial dropped 0.8%, while the Nasdaq Composite fell 1.0%. In Europe, the DAX 40 declined by 0.3% while the Euro Stoxx 50 slid 0.4%, both reaching seven-month lows.
Summary for 20.10.2023
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