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Nasdaq, S&P 500 turn negative, rally in stocks on Thursday loses steam

nasdaq sp 500 turn negative rally in stocks on thursday loses steam

U.S. stocks struggled to hold higher ground late in the session Thursday, with the technology-laden Nasdaq Composite and S&P 500 index both turning negative. The blue-chip Dow Jones Industrial Average DJIA, +0.08% was up about 19 points, or 0.1%, near 33,333, at last check, but the S&P 500 index SPX, -0.07% was down 0.1% and the Nasdaq Composite Index COMP, -0.58% shed 0.7%, giving up earlier gains. Investors have been question whether the latest rally in stocks, following a strong July, has staying power, particularly with inflation still running high, despite its retreat to a 8.5% annual rate in July from 9.1% a month before, which was a 41-year high.

Source: Marketwatch

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