S&P 500 and Dow score record closing highs

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Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting minutes and ahead of September inflation data and the earnings season.

There was a debate about the 50 basis point cut, meaning that it wasn't a sweeping consensus that we needed to do a drastic 50 basis point cut," said Lindsey Bell, chief strategist at 248 Ventures in Charlotte, North Carolina.

"News about antitrust initiatives create worries about what that means for the technology sector broadly and specifically the most dominant players," said Daniel Morris, chief market strategist for asset management at BNP Paribas.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: FedMinutes WallStreetRally CorporateEarnings InflationReport InterestRateCuts TechStocks /Business/ Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 07:25:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 784 words

Reading Time: 5 minutes read

Sentences: 31 lines

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Copyright Owner: © The Star

News ID: 22972609

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Main Topics: EconomyBusiness

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