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Wall Street rises following updates on consumer confidence, job openings

Por: Los Angeles Times Business August 29, 2023

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Technology companies led a broad stock market rally Tuesday after two economic reports raised hopes on Wall Street that the economy is cooling enough for the Federal Reserve to pause hiking interest rates. The Standard & Poor's 500 rose 1.5%, its third straight gain and biggest since early June. The Dow Jones industrial average rose 292 points and the Nasdaq composite finished 1.7% higher. Big tech stocks powered much of the rally. Apple... + full article



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