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Wall Street’s main indexes closed lower on Wednesday, as investors grappled with mixed economic data, rising COVID cases in China, and geopolitical tensions heading into 2023.

Image: Reuters

The S&P 500 index has posted only 18 Decembers with losses since 1950, Truist Advisory Services data show. The benchmark S&P 500 is down 20% year-to-date, on track for its biggest annual loss since the financial crisis of 2008.

 

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