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Equities close slightly lower as focus shifts to data

By Inquirer - 9 months ago
NEW YORK   -U.S. stocks ended with modest losses on Monday, as the focus shifted after last week’s AI-fueled rally to upcoming economic data that could affect the timing of the Federal Reserve’s expected interest rate cut. The release of January’s personal consumption expenditures price index (PCE)- the Fed’s preferred inflation gauge – on Thursday could

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