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S&P 500 Climbs as 90% of Its Shares Push Higher
By
Janet Levaux
News July 12, 2024 at 02:36 PM
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What You Need To Know
- Stocks hit fresh all-time highs as the latest economic data reinforced bets the Federal Reserve will cut rates in September.
- But banks underperformed at the start of the second quarter earnings season.
- The next few economic data points should help clarify if small-cap performance is completely warranted, one strategist said.
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