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Nasdaq turns positive, U.S. stocks pare losses after productivity report

Por: MarketWatch Business August 03, 2023

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What’s driving markets After a rocky start to trading on Thursday, U.S. stocks pared or reversed early losses around midday in New York following a stronger-than-expected reading on U.S. workers’ productivity. Official government data showed , which boosted hopes that wage growth might slow, putting more downward pressure on inflation. “The fact that productivity came in stronger than expected — from the inflation perspective, that’s... + full article



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