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rdf:type	schema:NewsArticle
schema:articleBody	The S&P 500 finished at a fresh record Friday, concluding a strong bounceback week for Wall Street on easing worries about monetary policy uncertainty. The broad-based index ended at 4,280.70, up 0.3 percent and a second straight record. The index added 2.7 percent for the week. The benchmark Dow Jones Industrial Average jumped 0.7 percent to 34,435.16, while the tech-rich Nasdaq Composite Index slipped 0.1 percent to 14,360.39, snapping a streak of three straight records. The Dow suffered its worst week since October last week due in part to a shift in messaging from the Federal Reserve. But equities recovered this week, as investors greeted statements from Fed Chair Jerome Powell and other top central bankers that signaled no plans for an abrupt pivot in their easy money policies. This week's parade of Fed speakers showed "most" are sanguine about inflation, "but some are getting nervous," said Chris Low of FHN Financial. "At the moment, there's no way to know for certain which group is closer to the truth," Low said. On Friday, investors shrugged off Commerce Department data that showed the personal consumption expenditures (PCE) price index spiked 3.9 percent in May if compared to the same month in 2020. Among individual companies, Dow member Nike surged more than 15 percent after reporting blowout earnings and projecting solid sales growth through 2025 as it touts its ramp-up of direct selling of sports merchandise to consumers. FedEx dropped 3.6 percent as it reported better than expected profits, but warned of higher labor costs. Virgin Galactic soared 38.9 percent after US officials cleared the company to take customers to outer space, approving the first commercial license for space travel. jmb/cs
schema:headline	S&P 500 ends at record to conclude winning week for US stocks
schema:mentions	S&P 500 Index Outer space This Week (American TV program) Stock FedEx Dow Jones Industrial Average Project Nike Federal Reserve Parade Inflation Straight Records Direct selling Policy uncertainty Personal consumption expenditures price index Virgin Galactic Worst Week United States Department of Commerce Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	56 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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