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Stocks Drop, Investors Gun-Shy After Recent Record Highs

August 18, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks traded higher early in the session on the release of improved economic data but ceded gains to close lower as investors showed their wariness over pushing the market to new record highs in the absence of obvious catalysts. President Obama warned international order was begin tested with Ukraine and Russia, with the latter at risk of more sanctions. Health care stocks outperformed while the coal price was set below expectations for the second quarter, weighing on many energy stocks.

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