Wednesday’s session ended in the red zone. Brands retreated amid a variety of economic news. Bank of America dipped 2.1 percent following a report that the Justice Department may seek $17 billion to settle probes into mortgage lending.
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Stocks made mixed moves on Tuesday. The Dow and Nasdaq added gains. The S&P 500 traded fractionally into red territory for the session.
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Indices extended record gains on Monday. Family Dollar jumped up following news of Carl Icahn’s 9.39 percent stake in the discount retailer, which marks the hedge fund billionaire as its largest stakeholder.
More record moves were made on Friday. The Dow and S&P 500 hit new heights. Industrial and energy sector brands gained 1 percent and 0.8 percent respectively.
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Indices closed at new all-time record levels on Thursday. Brands rallied on encouraging European Central Bank news.