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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

President Trump Brings Uncertainty to the US Market

Val Kensington
Updated
President Trump Brings Uncertainty to the US Market

After a brief pullback last week, the S&P 500 started this week on a stronger note by surging to eight-week high price levels on Monday. Carrying forward the strength, the S&P 500 opened higher on May 22, lost strength, and declined as the day progressed. On May 22, seven out of 11 major S&P 500 sectors closed the day lower. Weakness in the industrials, energy, and materials sectors pushed the market lower. Strength in the financials and utilities sectors limited the market losses.

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