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Monday, July 4, 2022

Stocks Fall as Investors Back Away from Record Highs

Stocks traded lower Tuesday, with investors injecting a note of caution into the markets following the previous sessions double-set of all-time highs.

The Dow Jones Industrial Average fell 171 points, or 0.47%, to 36,261, while the S&P 500, which closed at an all-time high for the eighth consecutive session, extending the longest record run since 1997, slipped 0.44%

The tech-heavy Nasdaq fell 0.60%.

President Joe Biden reportedly interviewed Fed Governor Lael Brainard for the top job at the central bank, which comes open early next year.

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