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Signs of a loosening job market helped lift the major US equity indices last week, as investors grew increasingly confident the Federal Reserve may soon be able to wrap up its historically aggressive interest rate-hiking campaign. The S&P 500 Index climbed to a four-week intraday high early Friday before fading slightly but still managed to end the week higher by 2.5%. Meantime, the Nasdaq Composite finished marginally lower on Friday but was still up 2.6% for the week. In Europe, the Euro Stoxx 50 Index gave back all the gains for the week falling by 0.3% on Friday.
Summary for 04.09.2023
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