24 Hrs
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الاقتصادية
S&P Downgrade Amid Retail and Middle East Tensions
The Standard & Poor's 500 index declined on Friday, influenced by a drop in Applied Materials' shares following weak U.S. retail sales data for July, which heightened concerns about the economic performance. Despite strong demand for AI equipment and rising shares of some related companies, such as Applied Materials, the stock market generally declined amid ongoing tensions in the Middle East and their impact on oil prices. Markets expect the Federal Reserve to keep interest rates unchanged at its upcoming meeting, with prospects of volatility in financial indicators.
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