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US equity benchmarks closed the day mixed: the S&P 500 and Nasdaq posted modest gains, while the Dow Jones edged lower.
Investor sentiment remains cautious amid uncertainty over the Fed's monetary policy trajectory.
The lack of clear guidance on the future path of interest rates continues to weigh on markets.
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Trading ended with record highs for both the S&P 500 and Nasdaq, driven by strong earnings from Alphabet.
Meanwhile, Tesla shares tumbled following disappointing financial results.
UnitedHealth and IBM also saw heavy losses due to ongoing investigations and weak performance.
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The volatility index VIX dropped to its lowest level since February, while the S&P 500 marked another record on upbeat economic data and renewed appetite for equities.
Still, Donald Trump's threats toward Fed Chair Jerome Powell linger over the market.
Investors are watching closely to see how monetary policy will evolve in the face of rising political risks.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.