The Dow dropped about 500 points after the latest economic data raised nerves about Fed policy
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Stock Market News Today: Dow Soars Over 500 Points; Nike, Fedex Jump After Earnings BeatStocks rallied after an upbeat consumer-confidence report. The Dow rose more than 500 points, and all sectors in the S&P 500 gained.
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Dow jumps 500 points buoyed by Nike, improved consumer confidenceUS consumer confidence rebounded in December as inflation retreated and the labor market remained strong, while 12-month inflation expectations fell to 6.7%, the lowest since September last year.
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Dow surges 500 points led by Nike on hope earnings will be better than fearedInvestors digested earnings from Nike and FedEx that sent the shares of both companies higher before the bell.
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Dow jumps more than 500 points as fresh data show a rise in U.S. consumer confidenceU.S. stocks trade sharply higher Wednesday, extending gains after Wall Street snapped four straight days of losses.
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Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence dataStocks jumped Wednesday after upbeat earnings reports from two bellwethers raised hopes that corporate earnings may be better than feared even with a potential recession. The Dow popped 1.60%. The S&P 500 gained 1.49%. The Nasdaq was up 1.54%.
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Dow futures slide one day after 500-point popStocks remain on track for a losing month, even after two days of gains.
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