Stocks Mixed as Investors Weigh Economic Data, Earnings Reports
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Stocks fell as investors assessed economic data like GDP, jobs, and inflation that indicated slowing growth. However, the Bank of Canada said more rate hikes may be needed.
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New home sales and building permits data was mixed versus forecasts. Stocks opened mixed as well on Wednesday morning.
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U.S. futures declined early Wednesday amid a busy week of earnings. Microsoft and Alphabet reported after hours.
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European stocks dropped as Israel-Hamas tensions rose. Deutsche Bank beat estimates.
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Most Asia-Pacific markets closed higher, though Australia declined after higher than expected inflation data.