Here's what happened to the stock market on Tuesday

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All three indices dipped in the final hour of trading as investors looked ahead to a potential rate cut from the Federal Reserve. The Dow and S&P 500 dropped about 0.1% and the Nasdaq decreased 0.6%.

The major indexes failed to make any major moves on Tuesday despite the S&P 500 making a new all-time high. In fact, the broad index traded in a range of just 0.4% on the day.

Strong earnings from pharmaceuticals such as Merck and Pfizer initially helped lift the S&P 500 to an all-time high. However, disappointing results from Google-parent Alphabet offset some of that optimism. Investors also seemed reluctant to make any big moves before the Fed's announcement on Wednesday.Shares of food-ordering service GrubHub plummeted more than 43% on the back of

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Not as bad as 90 years ago.....

One should be wary of markets that rely so heavily on regular feeding from the interest rate tit - - -

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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