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Breadth returns | Despite fluctuations in US stocks Thursday, one thing was clear: Breadth is back. While the S&P 500 Index lost traction later in the day and Nvidia shares continued their decline, most stocks advanced following data that showed the US economy is holding up better than expected. Energy firms, banks, and industrial companies — businesses that are more sensitive to expectations for growth — were among the biggest gainers. To Bret Kenwell at eToro, the latest data helped reassure investors that the economy is “not teetering on an economic cliff.”
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