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US equities shrugged off a brief bout of bearishness following the Federal Reserve’s latest policy meeting to end broadly higher Thursday, with the S&P 500 Index climbing for a sixth consecutive session to a fresh 14-month high amid growing investor optimism that interest rates may be near a peak. The Nasdaq Composite index closed at its highest level since April 2022 as big tech companies continued to lead, and the Dow Jones Industrial Average ended at a six-month high. Meantime, European shares underperformed yesterday, with the Euro Stoxx 50 Index down 0.2% after the ECB raised rates by 25bps and hinted at a similar move in July.
Summary for 16.06.2023
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