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National Bureau of Statistics
Market Swings as Bank Gains Clash with Tech Weakness | Daily Market Analysis
Key events: China - GDP (YoY) (Q4) Eurozone - CPI (YoY) (Dec) The stock market saw a reversal on Thursday, with the S&P 500 shedding its earlier gains to close lower. This downturn was fueled by a combination of robust earnings from the banking sector being counterbalanced by a slump in technology stocks, led primarily by Apple. By the end of the session, the Dow Jones Industrial Average had dipped by 68 points, or 0.2%, while the S&P 500 and NASDAQ Composite declined by 0.2% and 0.9%, respectively.
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