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S&P 500 Drops For Second Session In A Row; Volatility In Markets Decreases

The S&P 500 dropped for the second consecutive session on Wednesday following the release of manufacturing data. The yield on 10-year notes surpasses 4% for the first time since November, after the ISM survey showed that the US manufacturing activity contracted in February. The ISM manufacturing PMI rose to 47.7 in February from 47.4 in the previous month.

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