The Dow dropped about 500 points after the latest economic data raised nerves about Fed policy
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Dow jumps more than 500 points as fresh data show a rise in U.S. consumer confidenceU.S. stocks trade sharply higher Wednesday, extending gains after Wall Street snapped four straight days of losses.
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Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence dataStocks jumped Wednesday after upbeat earnings reports from two bellwethers raised hopes that corporate earnings may be better than feared even with a potential recession. The Dow popped 1.60%. The S&P 500 gained 1.49%. The Nasdaq was up 1.54%.
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Dow futures slide one day after 500-point popStocks remain on track for a losing month, even after two days of gains.
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