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Disciplined Methodology Yields Mid-Cap Names with Momentum
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Dow Jones Industrial Average : U S stocks edge up after Fed minutes, bonds steady, dollar firm
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Thursday, 08 Jul 2021 07:18 AM MYT
US stock prices bounced off session lows to post slight gains for the day, with the S&P 500 and tech-laden Nasdaq closing at record highs. Reuters pic
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NEW YORK, July 8 ― US Treasuries prices maintained gains yesterday, holding down yields, and two stock indexes notched record highs after minutes from the Federal Reserve s latest meeting largely confirmed market expectations. The dollar remained firm.
At a mid-June meeting, Fed officials said substantial further progress on economic recovery “was generally seen as not having yet been met,” although participants expected progress to continue, according to the minutes.
By Alwyn Scott NEW YORK (Reuters) -U.S. Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs after minutes from the Federal Reserve s latest meeting largely confirmed market expectations. The dollar remained firm. At a mid-June meeting, Fed officials said substantial further progress on economic recovery was generally seen as not having yet been met, although participants expected progress to continue, according to the minutes. Various participants at the session still felt conditions for curbing the bond-buying that is supplying markets with cash would be met somewhat earlier than they had anticipated, while others saw a less clear signal from incoming data, said the minutes.
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