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Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:

Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe’s lifted investor sentiment.

The Dow Jones Industrial Average closed 240.29 points higher, or 0.9%, at 26,202.73. The S&P 500 gained 0.8% to close at 2,924.43. The Nasdaq Composite jumped 0.9% to 8,020.21. The major indexes held on to their gains even after the bond market flashed a recession signal in the last hour of trading.

The article goes on to state the following:

The better-than-expected results come at a time when traders are worried about a possible U.S. economic slowdown. Those fears have led investors away from riskier assets like equities in favor of traditionally safer assets like gold and Treasurys.

“A very mild recession could begin in 2020 but the stock market data don’t support that just yet. That could change in the next rally, but it doesn’t support it right now,” said Paul Schatz, president at Heritage Capital.

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