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Hawaiian Electric, MSG Entertainment, WeWork: Trending stocksThe S&P 500 (^GSPC) ticks down this morning, signaling another losing week for stocks amid elevated inflation and the Fed's ongoing interest rate cycle debate. Utility company Hawaiian Electric (HE) receives a stock upgrade from Wells Fargo analysts amid a class-action lawsuit over the fires that devastated Maui. Madison Square Garden Entertainment (MSGE) shares rise this morning despite reporting declining revenue in its fourth quarter. WeWork (WE) announces a 1-for-40 reverse stock split after reporting its struggles to stay in business last week. Yahoo Finance Live analyzes several trending stocks after this morning's opening bell.
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Stock market today: Wall Street drops again in what could be its worst week since MarchNEW YORK (AP) — Wall Street is limping toward the close of what could be its worst week since March. The S&P 500 fell 0.6% in the early going Friday and is on track for a third straight losing week.
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Stock market today: Wall Street's dismal August drags on with 3rd straight losing weekNEW YORK (AP) — Wall Street limped to a mixed close, marking its third losing week in a row. The S&P 500 barely budged, ending the day down by less than 0.1%. It lost more than 2% for the week, like other U.S. indexes.
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Jumping yields, slumping stocks may boost case for a Fed pauseRising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for additional interest rate increases, the prospect of which have already been ebbing on the basis of weaker inflation. The Fed raised interest rates at its July meeting by a quarter of a percentage point, to a range of between 5.25% and 5.5%, a widely anticipated move investors have construed as the central bank's last step in an aggressive 16-month rate hike campaign to slow inflation from 40-year highs. But bond yields since then have raced higher, with the interest rate on a 10-year U.S. Treasury security rising from around 3.86% the day of the Fed's July 26 rate decision to as high as 4.32% on Thursday.
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Jumping yields, slumping stocks may boost case for a Fed pauseInvestors in contracts tied to benchmark interest rate added to bets that it will move no higher
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Jumping yields, slumping stocks may boost case for a Fed pauseBy Howard Schneider WASHINGTON (Reuters) - Rising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for ...
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