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Wall St stumbles after weak data, hawkish Fed comments

Fed’s Bullard and Mester raise return rates U.S. retail sales tumble in December Indices down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% Jan 18 (Reuters) – Major Wall Street indexes fell on Wednesday after weak economic data and hawkish comments from Federal Reserve officials raised concerns that the central bank will not suspend interest rate hikes …

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Eisai and Biogen Receive US FDA Approval for Alzheimer’s Drug and Seek Full Approval

Jan 7 (Reuters) – The U.S. Food and Drug Administration on Friday approved Alzheimer’s disease drug lecanemab, developed by Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) for patients in the early stages of mind sickness. Eisai and Biogen said on Saturday that the Japanese drugmaker had sought full FDA approval for the drug. The …

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Wall Street falls for fourth straight day as recession worries overnight

Dec 19 (Reuters) – Wall Street stocks closed lower on Monday for a fourth straight session, with the Nasdaq leading the declines as investors shun riskier bets amid fears the Federal Reserve’s tightening campaign could take a dive the US economy in a recession. The three major U.S. stock indexes have been under pressure since …

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Wall St rises after CPI data but Fed concerns persist

Consumer prices increase moderately in November Growth, real estate stocks rise as yields fall Moderna leaps on optimistic trial data NEW YORK, Dec 13 (Reuters) – U.S. stocks rose on Tuesday after a surprisingly weak rise in consumer prices boosted optimism that the Federal Reserve may soon reverse its interest rate hikes to rein in …

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S&P 500 ends losing streak on rising jobless claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Dec 8 (Reuters) – The S&P 500 (.SPX) closed higher on Thursday, ending a five-game losing streak, as investors pushed the index higher after interpreting data showing rising stocks. …

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