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Wall Street falls for third day on inflation jitters, crypto plunge

Wall Street falls for third day on inflation jitters, crypto plunge 05/19/2021 | 12:09pm EDT Send by mail : Message : Required fields (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Crypto-related stocks take a hit as digital coins tumble U.S. 10-year Treasury yield falls Minutes from Fed s April meeting due at 2 p.m. ET Indexes down: Dow 1.22%, S&P 1.07%, Nasdaq 0.87% May 19 (Reuters) - Wall Street s main indexes fell for the third straight session on Wednesday, as a steep fall in cryptocurrencies and fears over inflation pushed investors away

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Wall Street falls for third day on inflation jitters ahead of Fed minutes

2 Min Read FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo (Reuters) - Wall Street’s main indexes remained lower on Wednesday after Fed minutes showed participants agreed the U.S. economy remained far from the Fed’s goals, with some eyeing a future discussion of tapering. A number of Fed policymakers thought that if the economy continued rapid progress, it would become appropriate “at some point” in upcoming meetings to begin discussing a tapering of monetary policy measures. A couple of Fed policymakers raised concerns that inflation will rise to “unwelcome” levels before the case for policy action becomes sufficiently evident.

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Progressive, Iovance fall; Target, Take-Two rise

Progressive, Iovance fall; Target, Take-Two rise by The Associated Press Last Updated May 19, 2021 at 4:27 pm EDT NEW YORK (AP) Target Corp., up $12.58 to $219.01. The retailer blew away Wall Street’s first-quarter profit and revenue forecasts. Take-Two Interactive Software Inc., up $11.66 to $179.35. The publisher of “Grand Theft Auto” and other video games reported strong fiscal fourth-quarter financial results. Tesla Inc., down $14.41 to $563.46. The electric vehicle maker’s sales in China reportedly slumped in April. Progressive Corp., down $4.98 to $101. The insurance company’s first-quarter profit fell short of Wall Street forecasts. Iovance Biotherapeutics Inc., down $10.64 to $16.33. The biotechnology company expects to ask for regulatory approval of its lifileucel cancer therapy in the first half of 2022.

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Progressive, Iovance fall; Target, Take-Two rise

Progressive, Iovance fall; Target, Take-Two rise
680news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 680news.com Daily Mail and Mail on Sunday newspapers.

Associated pressTesla incProgressive corpMyovant sciences ltdInteractive software incReata pharmaceuticals incIovance biotherapeutics incEagle materials incTarget corpWall streetTwo interactive software incSciences ltdPharmaceuticals incMaterials incதொடர்புடையது ப்ரெஸ்டெஸ்லா இன்க்

Progressive, Iovance fall; Target, Take-Two rise

Progressive, Iovance fall; Target, Take-Two rise
go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.

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