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WEEKLY RATE INFORMATION
Market Index
¹ Excludes dividends
Sources: Yahoo! Finance, U.S. Dept of the Treasury, U.S. EIA, Barchart (SWAADY10.RT), Bloomberg, World Gold Council
¹ Excludes dividends
Sources: Yahoo! Finance, U.S. Dept of the Treasury, U.S. EIA, Barchart (SWAADY10.RT), Bloomberg, World Gold Council
Stocks Turn Lower in Seesaw Session; Bonds Gain: Markets Wrap

Stocks resumed declines and Treasuries gained as investors assessed the latest signs of economic malaise from the US and China.

The S&P 500 turned lower after briefly erasing gains, weighed down by declines in megacaps including Tesla Inc., Apple Inc. and Amazon.com Inc. The tech-heavy Nasdaq 100 underperformed major benchmarks, falling more than 1%. Data Monday showed New York state manufacturing activity unexpectedly contracted in May for the second time in three months, stoking concerns of slowing economic activity that may complicate the Federal Reserve’s policy path. 

Wall Street falls as growth stocks, glum China data weigh

May 16 - Wall Street's main indexes fell on Monday as downbeat China data added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the U.S. Federal Reserve.

Chinese and European stock markets fell after data showed China's economic activity cooled sharply in April as COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment.

Seven of the 11 major S&P sectors declined.

Ukraine war: Russia nationalises Renault's Moscow plant

Renault has announced it is selling its majority stake in Russian carmaker Avtovaz, following pressure over its continued presence in the country.

The French carmaker said it would sell its 68% interest to a Russian science institute, while its shares in Renault Russia will go to the city of Moscow.

Moscow said Renault's Russian assets had now become state property.

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