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Wall Street Stocks Recover as Fed Concerns Ease

Wall Street stocks showed signs of recovery on Monday, shrugging off concerns about the Federal Reserve’s “higher for longer” interest rate strategy. The S&P 500 closed up 0.4%, while the Dow Jones Industrial Average gained 0.1% and the Nasdaq Composite rose 0.5%. The 10-year Treasury yield reached its highest level since 2007, causing investors to brace for the release of PCE inflation data later in the week. Amidst worries of a potential government shutdown and strikes in various industries, Wall Street remained cautiously optimistic.

AI legalese decoder Provides Clarity in Complex legal Documents

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