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Dow rises, but ends week in red as rotation to growth cools

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The Dow ended higher Friday, driven by a surge in energy but couldn't avoid a weekly loss as a jump in rates and renewed bets on a more hawkish Federal Reserve are cooling the rotation into growth sectors including tech.

The former top economist for Merrill Lynch says that stocks could plunge another 30%: 'The recession's just starting'

The U.S. economy has surprised investors, market watchers and even the Federal Reserve over the last few months as inflation has decreased while the job market has remained strong after several interest rate increases. And while several prominent economists are now openly hopeful that the economy can manage a soft landing, not everyone is so sure that we aren't headed for a downturn.

Read more here...






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