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Market move● Neutral for Indian equities
Technology Shares Lift Nasdaq as Broader Market Slips
The brief
- U.S. stocks ended modestly lower, while technology shares lifted the Nasdaq
- Economic data eased concerns about imminent rate hikes
- US economy picks up pace in Q2, grows 2.2%
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- US PCE inflation rises 0.3% in August as consumer spending surges
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- U.S. Treasury Yields Edge Higher, Hover Near Recent Highs