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S&P 500, Nasdaq close lower as traders cash in on latest megacap rally

  • 📰 Reuters
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The S&P 500 and Nasdaq closed in negative territory as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week

climbed 1.78% as investors kept moving away from megagap and growth stocks after their strong gains.

U.S. inflation data is expected to show consumer prices eased slightly in May from the previous month but with elevated core prices.

 

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