Stocks Rally on Resilient U.S. Economy

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Barchart

What you need to know… The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +1.15%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.75%. Stocks rose on tech-stock leadership, with the Nasdaq 100 index rallying +1.75% on the day. Stock investors were impressed by Tuesday’s strong U.S. economic reports, which highlighted the resiliency of the U.S. economy and boosted the chances for a soft landing even though the reports were hawkish for Fed policy. The 10-year T-note yield rose +4 bp. The markets are discounting the odds at 74% …

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