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<US>3 US Key Stock Indices Lukewarm at Close as Mkt Awaits Powell's Speech; Tesla Up 1%+ on New Model Display in CN
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The market was on the see-saw for Federal Reserve Chairman Jerome Powell's speech on Friday and the earnings reports from major retailers like Walmart (WMT.US) this week, leading to a lukewarm US stock market on Monday. The three major US stock indices rattled within a narrow range, with the S&P 500 closing down less than 1 point at 6,449; the DJIA down 34 points at 44,911; and the Nasdaq up 6 points at 21,629. Meta (META.US) reportedly plans to restructure its AI business for the fourth time in six months, demerging the AI department into four units, causing the stock to drop 2.3%. Together with Microsoft's (MSFT.US) 0.6% decline, this exerted pressure on the market. Tesla (TSLA.US) showcased a six-seater Model YL in a new teaser on Weibo, shoring up the stock by 1.4%. Nvidia (NVDA.US) edged up 0.9%. AASTOCKS Financial News Website: www.aastocks.com |
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