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Follow on Google News | Stock market loses momentum before closing; major indices sided negativelyProgressive market direction tripped on the last minute making all benchmark equities wraps lower today.
The labour department are still trying to get past the warming up phase as they continue to try and fill out the positions needed to get settings back to pre-pandemic levels. The S&P 500 hovered close to record level intraday only to miss and drop to negative, along with NASDAQ which performed well and mostly gaining intraday then suddenly dropped. The Dow, on the other hand, lost more than 150 points after market wrapped. On the positive side of things, a stock rally fuelled by social media happened within the session, giving another boost to meme stocks as well as the relatively newer stocks such as WEN (Wendy's food chain), WISH (e-commerce company), AMC (AMC Entertainment shares), CLOV (Clover Health firm) and others. Here's a bit of the main movements in the Market this Wednesday, 4:00 p.m., New York time; Stocks:
Below are the current movements as of this writing;
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