Stocks Lose Momentum After Wall Street Rally: Markets Wrap

Stocks Lose Momentum After Wall Street Rally: Markets Wrap

(Bloomberg) — Stocks struggled to maintain momentum in the wake of another record-breaking session on Wall Street, as a rally in Europe took a breather despite dovish comments from policy makers.

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Futures on the S&P 500 and Nasdaq 100 were little changed after the indexes clocked up gains of more than 1% in the wake of an inflation reading that did little to alter traders’ conviction that the Federal Reserve will shift to cutting interest rates this year. Treasury…


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