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Tech Rebound Stalls as Alphabet Slumps | Daily Market Analysis
Key events: USA - Core PCE Price Index (MoM) (Jun) The S&P 500 closed lower on Thursday, giving up earlier gains as a slump in Alphabet led to a halt in the tech sector's rebound. This occurred despite growing optimism that the Federal Reserve might deliver multiple rate cuts this year. The Dow Jones Industrial Average rose 81 points, or 0.20%, while the S&P 500 fell 0.5%, and the NASDAQ Composite slipped 0.9%.
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