Meta rises 4.4% as it tops expectations with quarterly earnings of US$7.8 billion, powered by a reviving digital ad business. – EPA pic, July 28, 2023.
WALL Street stocks tumbled yesterday on resurgent concerns about higher interest rates, snapping a 13-day winning streak for the Dow. The blue-chip index appeared poised to tie the all-time streak set in 1897. But after rising early in the day, equities headed lower in the afternoon as worries about more aggressive Federal Reserve actions took hold.
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