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VOL. 46 | NO. 33 | Friday, August 19, 2022

Tech stocks lead Wall Street lower, breaking winning streak

The Associated Press

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Technology stocks led Wall Street lower, leaving major indexes in the red for the week.

The benchmark S&P 500 index gave back 1.3% Friday, breaking a four-week winning streak. The tech-heavy Nasdaq composite fell even more. The Dow Jones Industrial Average also fell.

Meme stock Bed Bath & Beyond plunged after the high-profile activist investor Ryan Cohen confirmed that he's sold his stake in the struggling retailer.

General Motors rose after reinstating its dividend, and Foot Locker soared after replacing its CEO and reporting better-than-expected earnings.

Treasury yields rose.

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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