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Stock Market Today: Dow Edges Down, S&P 500 Nears Bull Market With Apple Stock in Focus – The Wall Street Journal

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Stock Market Today: Dow Edges Down, S&P 500 Nears Bull Market With Apple Stock in Focus – The Wall Street Journal

With the debt ceiling resolved and earnings season out of the way in which, buyers are coaching their give attention to the Federal Reserve’s assembly subsequent week. Financial exercise within the companies sector expanded extra slowly than forecast in Might, in accordance with the Institute for Provide Administration.

Shares had been combined. The broad-based S&P 500 and tech-heavy Nasdaq had been larger, whereas the Dow Jones Industrial Common dipped.

Oil costs rose. Brent crude futures had been simply above $77 a barrel after a contentious assembly of the OPEC cartel. Saudi Arabia pledged to chop manufacturing to bolster a market that confronted stress from worries concerning the economic system.

U.S. authorities bond costs rose. The yield on the 10-year Treasury word was at 3.702%, from 3.691% Friday.

Apple shares rose about 1% forward of tech large’s unveiling of its first main new product in practically a decade.

Palo Alto Networks shares rose 5.5% after information it will exchange Dish Community within the S&P 500. Dish Community shares fell.

Crypto costs slid after the Securities and Alternate Fee accused crypto change Binance of leadpos1″>working an unlawful buying and selling platform within the U.S.

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