Wall Street

Stock Market Today-6/24: Stocks Higher As ‘Relief Rally’ Defies Global Growth Concerns

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The Street

By Martin Baccardax Stocks are set for their best week in a month as investor ride a so-called ‘relief rally’ while re-setting other market prices for a near-term recession. U.S. equity futures moved higher again Friday, setting up Wall Street for its first weekly gain in a month, even as markets around the world continue to suggest that growth concerns have overtaken inflation worries heading into the second half of the year. Federal Reserve Chairman Jerome Powell told Congressional lawmakers on Capitol Hill yesterday that he and his colleagues “can’t fail” in their effort to bring inflation …

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