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The Dow Jones closed 163 points higher on Thursday, marking its ninth-straight session of gains and its longest winning streak since September 2017. Meanwhile, the S&P and the Nasdaq lost 0.7% and 2%, respectively dragged by tech shares as latest corporate earnings were in focus. On the economic front, recession signals flared after the Conference Board said its Leading Economic Index fell for the 15th straight month – the longest such string since the run-up to the 2007-2008 Great Recession. Consumer Discretionary shares were among the weakest performers yesterday along with tech companies. Health care and utilities were the strongest performers. In Europe, shares ended higher yesterday, with the Euro Stox 50 Index up 0.3% led by the basic materials sector.
Summary for 21.07.2023
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