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On Wednesday, the US equity market had a relatively quiet day, with the S&P 500 edging up by 0.1%, extending its eighth consecutive day of gains. The Dow Jones Industrial Average slipped slightly, while the Nasdaq Composite also posted a modest 0.1% gain. Small-cap shares underperformed, shedding over 1%, and investors appeared to be in a holding pattern as they awaited next week’s consumer price index (CPI) inflation and assessed the staying power of the recent market rally. In contrast, European shares reversed early losses to close higher, with the DAX 40 and Euro Stoxx 50 indices rising by over 0.5%, to their highest level since 12th October.
Summary for 09.11.2023
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