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SP500: Weeky Analysis & Forecast

U.S. stocks headed lower on Tuesday, joining their global counterparts on the path toward a monthly loss as crucial economic data waits in the wings and the U.S. Federal Reserve convenes for its two-day policy meeting.

Gold sank, the dollar rebounded and benchmark U.S. Treasury yields ticked higher after a report from the Labor Department showed hotter-than-expected first-quarter employment cost growth, which is unlikely to alter the Fed’s restrictive stance.

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