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U.S. stocks were lower in afternoon trading on Thursday, with the Nasdaq down about 1% after this week's sharp gains and investors nervous ahead of Federal Reserve Chair Jerome Powell's speech...
US stocks closed mixed, buoyed by the Dow tenth straight day of wins, reflecting more weight in healthcare and financials, as opposed to tech stocks.
While the Fed is widely expected to raise interest rates by 25 basis points at its July 25-26 meeting, investors have mixed views on the central bank's longer-term monetary policy.
Analysts attributed Friday's volatile trading to the expiration of monthly options and the expected special rebalancing of the multi-trillion dollar Nasdaq 100 following the close of trading.
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