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Stock Market Weakens At Midday As It Awaits Powell Speech; This IBD Index Outperforms

Stock Market Weakens At Midday As It Awaits Powell Speech; This IBD Index Outperforms

An apparent easing of Covid restrictions in China could not offset the stock market's apprehension about upcoming data and Jerome Powell's speech. The Nasdaq composite slid 0.6% and the S&P 500 fell 0.4%.