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Wall Street Week: History repeats as stocks struggle at the start of September

September is often referred to as 'the cruelest month' in terms of the stock market and so far 2023 shows little sign of bucking that trend.According to a study by Bank of America using data back to 1928, September has typically produced the worst monthly return for the S&P500 by some distance at -1.2%.Moreover, across that whole period the index has only finished the month in positive territory 4

Market recovery continues as GlaxoSmithKline beats, Menzies rejects takeover approach

UK stocks traded higher on Wednesday following a strong session in the US which followed through to strength in Asia overnight.The broad and economically sensitive Russell 2000 index closed 1.6% higher in New York while Japan's Nikkei 225 index gained 1.2% and China's SE Composite index added 0.8%, easing market nerves.Brent crude dipped 0.5% to $90.30 per barrel as traders took profits after a st

FTSE 100 hangs on above 7,000 to close in the green while US mixed ahead of latest US Fed update

The UK's index of blue-chip shares finished the day holding in the green up 0.3% to close at 7,016.63.Across the pond, US markets were mixed as investors await update from US Federal Reserve, with tech and small caps rebounding. The Dow and S&P 500 were both trading modestly in the red but the Nasdaq Composite and Russell 2000 rallied 0.4% and 1% respectively.As well as continuing concerns about i
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