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Stocks struggle on mixed earnings and data signals

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Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Oct 26 - Shares around the world fell and U.S. Treasury yields lingered near 5% on Thursday as investors digested mixed U.S. economic and corporate signals.

Quincy Krosby, chief global strategist at LPL Financial in Charlotte, said U.S. economic growth has prompted market concerns that the Fed may need to increase interest rates again before the end of the year to quell inflation. Meta Platforms fell 5% on a weaker outlook, while megacaps Tesla and Microsoft fell 3.5% and 3.7% respectively, dragged by high interest rates.

The euro was down 0.37% on the day, while Europe's broad STOXX index was down about 0.5%, near a seven-month low hit earlier in the week .

 

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