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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Why Peloton and Zillow Plunged Despite the Dow's Record Close

Dan Caplinger, The Motley Fool
·3 min read
Why Peloton and Zillow Plunged Despite the Dow's Record Close

The stock market had another topsy-turvy day on Wednesday, with major market benchmarks getting pushed and pulled in both directions at various points. A couple of Nasdaq stocks, Peloton Interactive (NASDAQ: PTON) and Zillow Group (NASDAQ: Z) (NASDAQ: ZG), had a role to play in the index's decline. The Dow Jones Industrial Average (DJINDICES: ^DJI) climbed to all-time record highs, while the S&P 500 (SNPINDEX: ^GSPC) treaded water amid downward pressure from the tech stocks that make up such a large portion of the Nasdaq's constituency.

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