US Market Rally Stalls – FED Interest Rate Cut Hopes Revive – Deere (+4.31 %), Nextracker (+12 %), Cisco (+6 %) Positions Itself in the Quantum Computing Trend and Foot Locker (+83 %) Celebrates a Billion-Dollar Wedding. DAX Turns Positive – Comeback in the Afternoon: German Defense Stocks Benefit From NATO Boost!
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Wall Street takes a breather: After a remarkable comeback since the April low, the major US indices showed signs of fatigue today. The S&P 500 dipped by 0.02%, while the tech-heavy Nasdaq 100 faced stronger pressure with a decrease of 0.13%. The traditional Dow Jones Industrial Average also lost 0.07%. The stock market gauge was fueled today by surprisingly weak economic data, which reignited hopes for imminent interest rate cuts from the US Federal Reserve FED . Producer prices unexpectedly fell by 0.5% in April – the sharpest decline...
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