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Appeals court lets Trump administration keep National Guard deployed in D.C. for now CBS NewsAppeals court lets Trump keep National Guard troops in DC for now CNNAppeals court allows Trump National Guard deployment in DC to continue ReutersAppeals Court Pauses, for Now, Order Blocking National Guard in Washington The New York Times
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Stocks are little changed with few market catalysts ahead of next week's Fed decision: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq waver as Wall Street cements in rate-cut hopes Yahoo FinanceWall Street hangs near its all-time high as calm continues to hold Pittsburgh Post-GazetteStocks higher, dollar to extend losing streak, as markets weigh rate cuts Reuters
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S&P 500 is little changed as investors look to rate decision next week: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq waver as Wall Street cements in rate-cut hopes Yahoo FinanceWall Street mostly flat as Fed watchers digest jobs data ReutersWall Street hangs near its all-time high as calm continues to hold AP NewsFor Wall Street, pandemic-level bad news for jobs is good news fo
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Detroit Lions vs. Dallas Cowboys first half live discussion Pride Of DetroitWeek 14 TNF highlights: Dallas Cowboys vs. Detroit Lions ESPN'Thursday Night Football' prediction, odds, line, time: Lions vs. Cowboys picks from expert on 34-22 roll CBS SportsPreviewing Cowboys at Lions, plus head coaching searches and injury-plagued QBs The New York Times
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Stocks closed higher Wednesday as bargain hunters swooped in following a lengthy stretch of losses for the major indexes.
Today's positive price action came as the 10-year Treasury yield eased back from yesterday's two-month high, finishing down 6.7 basis points at 3.273%. A basis point is one-one hundredth of a percentage point.
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And the buying persisted even after Federal Reserve Vice Chair Lael Brainard said in an early afternoon speech that the central bank is "in this for as long as it takes to get inflation down." The Fed will meet later this month, with the market largely pricing in the probability of a third straight 75 basis-point rate hike.
Nearly all sectors finished higher, with utilities ( 3.1%) and consumer discretionary stocks ( 3.1%) leading the charge. The one outlier was energy, which slumped 1.2% as U.S. crude futures tumbled 5.7% to $81.94 per barrel - their lowest close since Jan. 11, according to Dow Jones Market Data - amid expectations of slowing global economic growth. "Oil's breakdown today is a bigger shot across the bow, pointing to further struggles ahead in our opinion," says Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott. "We believe the commodity can break below $80 from here, targeting the mid-$70s range in the weeks ahead."
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As for the major indexes, the Nasdaq Composite jumped 2.1% to 11,791 - snapping its seven-day losing streak, its longest one since 2016. The S&P 5
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