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Strong PMIs Have Limited Impact as Profit-Taking Hits Equities

From marctomarket.com

US stocks stumbled yesterday, and the S&P 500 nearly gave back the week's gains with its roughly 1.25% loss, the largest of the month. The NASDAQ 100 fell to two-week lows. Slower cloud growth at Microsoft and a delay in the next generation of chips at Intel were among the drags. Asia Pacific and European shares were pressed lower. Chinese stocks were crushed by almost 4% in Shanghai and a little more than 5% in Shenzhen. Only South Korea, Taiwan, and India fell less than 1%, while Japanese markets may play catch-up on Monday as they were closed today for a national holiday. Europe's Dow Jones Stoxx is off nearly ... (full story)

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  • Category: Fundamental Analysis