FOREXLIVEThe S&P 500 has given back an early 40-point gain to a record 5523 and is now trading flat on the day at 5484.
Once again, I think bitcoin was the tell here as it sagged before stocks. It's since stabiliize though, down around 1%.
I have a real hard time parsing here what's inflation, what's politics and what's quarter end.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
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Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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