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Dow’s Shocking Comeback Falls Short, Exposing Wall Street’s Dangerous Hubris

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By CCN: The Dow and broader U.S. stock market finished lower on Friday, as investors weighed a myriad of macro risks against an apparent surge in consumer confidence. Those betting on a consumer-driven recovery may be in for a rude awakening amid record debt levels and the ongoing U.S.-China trade war. Dow Reverses Brutal Drop After a brutal pre-market for U.S. stock futures, the Dow Jones Industrial Average reversed losses to trade slightly higher during the afternoon session. But the gains were short-lived as the blue-chip index settled down 98.68 points, or 0.4%, at 25,764,00 The broad S&P 500 Index of

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* First published on ccn.com

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