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Economy Country November 14, 2024

S&P 500 and Dow Jones Close Steady on Wednesday

The S&P 500 and Dow Jones Industrial Average ended Wednesday's session near the flat line as investors awaited crucial economic data.

S&P 500 and Dow Jones Close Steady on Wednesday

Global stock markets finished trading in a practically stable manner. The S&P 500 and Dow Jones Industrial Average closed the day not far from zero.

Investors remain cautious awaiting a decision on the rate hike from the Federal Reserve System of the USA.

Major tech companies showed mixed results: Apple and Facebook stocks fell, while Amazon and Microsoft stocks closed in the red.

Shares of electric vehicle manufacturer Tesla also declined after the company presented its much-anticipated electric pickup Cybertruck.

"Today's market reflects the cautious behavior of investors, who are awaiting news from the Fed on possible steps regarding the interest rate hike," noted one analyst.

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