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VOL. 46 | NO. 20 | Friday, May 20, 2022

Wall Street ends higher following 7 straight weeks of losses

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NEW YORK (AP) — Stocks closed higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.

The S&P 500 rose 1.9%, the Dow Jones Industrial Average rose 2% and the Nasdaq rose 1.6%. Banks and technology stocks made some of the strongest gains.

Concerns about inflation have been weighing on the market and have kept major indexes in a slump recently. The S&P 500 is coming off its longest weekly losing streak since the dot-com bubble was deflating in 2001.

The yield on the 10-year Treasury, which helps set mortgage rates, rose to 2.86%.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0