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Stock market today: World shares gain after Wall St rally

May 8, 2023

Via: ABC News

Wall Street is holding relatively steady Monday coming off its worst week in nearly two months, as stocks of several beaten-down banks rally.

The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was edging down by 16 points, or less than 0.1%, at 33,657, as of 9:45 a.m. Eastern time, while the Nasdaq composite was 0.2% lower.

Besides a strong reading on U.S. jobs, which calmed worries about a possible recession but raised concerns about high inflation, last week was dominated by fears about smaller and mid-sized banks.

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