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US shares faltered in the beginning of the second half of the 12 months, reflecting investor fears that the Federal Reserve’s efforts to rein in inflation might tip the financial system into recession.
The S&P 500 just lately rose 0.2% on Friday afternoon, a day after a Thursday drop that capped the broader index’s worst first half 12 months since 1970. The S&P, which has fallen right into a bear market, stays on observe to complete this week. within the purple for the eleventh time within the final 13 weeks.
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