US stocks rise despite another yield inversion

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NEW YORK: Wall Street stocks resumed their upward climb on Wednesday (Aug 21), finishing solidly higher after solid retailer earnings and ...

NEW YORK: Wall Street stocks resumed their upward climb on Wednesday , finishing solidly higher after solid retailer earnings and following Federal Reserve minutes that included no bombshells on monetary policy.

The broad-based S&P 500 gained 23.92 points to close at 2,924.43, while the tech-rich Nasdaq Composite Index won 71.65 points to end at 8,020.21. said the US central bank will remain flexible and interest rates will not be on a"preset course" in the face of persistent risks from trade uncertainty and weak global growth.

 

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