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Wall Street struggles to gain as earnings-driven rally peters out

US manufacturing sector slows modestly; PerkinElmer rises on $2.45-bn divestment

NYSE
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(Photo: Reuters)

Reuters
US stock indexes struggled to rise on Monday as an earnings-driven rally from last week faded and economic-sensitive sectors as well as Microsoft fell although gains in Boeing and Tesla limited the losses.

Planemaker Boeing Co gained 6.5% after a Reuters report the U.S. aviation regulator approved its inspection and modification plan to resume deliveries of 787 Dreamliners.

Amid increasing uncertainty in markets, the S&P 500 and the Nasdaq posted in July their biggest monthly percentage gains since 2020 on solid quarterly results and on hopes the Federal Reserve would be less aggressive with interest rate hikes.
The U.S. central bank has raised

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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