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Stock Market Today: Markets Start December Looking for Direction


Stocks kicked off the final trading month of 2022 in fickle fashion, as traders and investors digested a series of economic reports and Wednesday’s comments by Federal Reserve Chief Jerome Powell (opens in new tab)

A reading on U.S. manufacturing activity contracted for the first time since the height of the pandemic, raising the specter of recession (opens in new tab) in 2023. Apple (AAPL (opens in new tab)) stock continued to deal with the potential impact to iPhone production (opens in new tab) from COVID-19 lockdowns and civil unrest in China. Meanwhile, the Fed’s preferred measure of inflation (opens in new tab) showed that prices for core goods and services continued to moderate.





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