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Wall Street saw a broad-based sell-off Friday, ending the Dow's five-session winning streak, with significant declines in tech and growth stocks. Higher U.S. Treasury yields and profit-taking contributed to the declines, affecting even top performers. Despite this, all three indexes posted weekly gains.
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News and Media
On Friday, the rupee experienced its steepest decline to date, reaching an all-time low of 85.53 against the US dollar, driven by domestic factors such as month-end dollar demand and limited RBI intervention. The local currency's overvaluation and potential for further depreciation are highlighted.
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News and Media
Safety issues with the Boeing 737 Max and mass employee strikes made for a challenging 2024.
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News and Media
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