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Personal Investor 1 min read
Market Recap Week Ended August 9, 2024
Market pullback Weak labor market data and uneven earnings weighed on stocks as the S&P 500 and the NASDAQ fell for the third week in a row and the Dow snapped a four-week string of gains. The sell-off intensified on Friday, and the downturn left the S&P 500 5.7% below the record high that it achieved on July 16; the NASDAQ was in a correction, down 10.0% from its July 10 record.
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