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Shares of Banks and Financial Services Companies Are Trading Lower as Stocks Pull Back After Gaining on Wednesday. Jobless Claims for September Came in Below Estimates, Adding to Concern of Further Fed Rate Hikes Which Could Impact Economic Activity and C

Benzinga ·  Sep 29, 2022 10:24
Shares of banks and financial services companies are trading lower as stocks pull back after gaining on Wednesday. Jobless claims for September came in below estimates, adding to concern of further Fed rate hikes which could impact economic activity and consumer spending. Rising yields have also weighed on the sector.
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