Dow surges 900 points
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Jackson Hole, Walmart and federal open market committee
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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.
Fed Chair Jerome Powell seems ready to cut interest rates in the fall but will still rely on incoming economic data about inflation and employment.
Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.
Trump’s tariffs and the outlook for interest rates continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
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Stock Market Today: Dow Sinks As S&P 500 Extends Losing Streak; Palantir, Nvidia Make Opposite Moves (Live Coverage)
The major indexes close the day with losses on Thursday after wavering earlier in the session. Palantir stock adds suspense.
The stock's fall snapped a three-day winning streak.
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