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U.S. stocks were down again for the second straight day this week, although the declines on Tuesday were more pronounced than on Monday.
For the third time this week, the S&P 500 tried and failed to hold above its January 15 high.
The Dow Jones Industrials and S&P 500 drifted lower Friday and for the week, on questions of monetary policy and a spate of weaker economic news – possibly on account of the weather.
The major U.S. averages were widely mixed but stock prices mostly higher on Tuesday after reopening following the Presidents’ Day holiday.
Stock prices were lower across the globe on Tuesday, ending a two-day rally.
Stock prices rose on Wednesday, led once again by tech stocks.
A tentative agreement that would ease economic sanctions against Iran in exchange for limits on its nuclear program helped raise stock prices around the world on Monday, although U.S. stocks lost their momentum late in the session.
Stocks opened higher on Monday, boosting the Dow and S&P 500 to new milestones before weakening later in the session and closing mostly lower.
The main U.S. stock market indexes were widely mixed on Wednesday, ahead of Thursday’s report on third quarter GDP.
The S&P 500 and NASDAQ fell for the first time in five days on Wednesday, but bond prices continued to move higher.