Stock Market Reaches New Highs, While Chinese Stocks Plunge Amid Stimulus Concerns

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Stock Market Reaches New Highs, While Chinese Stocks Plunge Amid Stimulus Concerns

A Closer Look

This past week, the stock market saw continued gains, with the S&P 500 and Dow Jones Industrial Average reaching new record highs. Despite a higher-than-expected inflation report, interest rate expectations remained unchanged, with traders still anticipating a rate cut in November.

However, Chinese stocks experienced their worst weekly performance of the year, as investor sentiment was dampened by the lack of expected stimulus measures.

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Chinese stocks, including Alibaba and Baidu, tumbled as investors reacted to the lack of aggressive fiscal stimulus.

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