Wall Street

Stocks edge up to hit six week high, dollar weaker after U.S. data

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Reuters UK

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks edged higher on Friday, poised for a sixth straight day of gains, while the dollar dipped against a basket of major currencies following soft data on U.S. business activity. On Wall Street, the S&P 500 showed modest losses as names such as Meta and Alphabet lost ground in the wake of earnings from Snap Inc, which plunged 37.31% but defensive sectors such as utilities and consumer staples rose. Still, the benchmark S&P index was up more than 3% for the week, on pace for its biggest weekly percentage gain in four. “We’ve had an a…

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