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All three major US stock indexes seesawed and the S&P 500 came within striking distance of confirming it entered a bear market after swooning from its all-time high reached on Jan. 3.
Market-leading growth and technology stocks, that were underpinned by record low interest rates, have come under pressure since late March on signals from the Federal Reserve that it will hike rates aggressively to control soaring inflation.
Russia pledged to cut down on military operations around Kyiv and in northern Ukraine, while Ukraine proposed adopting a neutral status, the first sign of progress toward peace in weeks.