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GENERAL NEWS:

After an early move to the upside, stocks fluctuated over the course of the trading session on Friday before eventually ending the session narrowly mixed. The Nasdaq and the S&P 500 closed modestly higher, while the narrower Dow edged slightly lower.

While the Dow slipped 18.38 points or 0.1 percent to 37,385.97, the Nasdaq rose 29.11 points or 0.2 percent to 14,992.97 and the S&P 500 crept up 7.88 points or 0.2 percent to 4,754.63.

Despite the mixed performance on the day, the major averages all moved higher for the week. The Nasdaq jumped by 1.2 percent, the S&P 500 advanced by 0.8 percent and the Dow edged up by 0.2 percent.

Stocks initially benefited from the release of tamer-than-expected U.S. inflation data, but other upbeat economic data led to some uncertainty about the outlook for interest rates.

The Commerce Department released a […]

Watch out for this fellow:

GENERAL NEWS:

Stocks recovered from initial weakness and moved mostly higher over the course of morning trading on Wednesday but came under significant pressure in the latter part of the session. The major averages moved sharply lower in late-day trading, partly offsetting recent strength.

The major averages saw further downside going into the close, ending the session at their worst levels of the day. The Dow slumped 475.92 points or 1.3 percent to 37,082.00, the Nasdaq dove 225.28 points or 1.5 percent to 14,777.93 and the S&P 500 tumbled 70.02 points or 1.5 percent to 4,698.35.

The late-day sell-off on Wall Street was largely attributed to profit taking, with traders cashing in on the strong upward move seen in recent sessions.

The Dow and the Nasdaq closed higher for the ninth consecutive session on Tuesday, as traders continued to express optimism about the outlook for interest rates.

The upward trend lifted the Dow to new record highs, while the Nasdaq and the S&P 500 reached their best levels in nearly two years.

A steep drop by […]