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US Stocks Look To Close Volatile Week On A High — Fed’s Preferred Inflation Gauge, New Home Sales Data, Tesla, AMC In Spotlight

Stocks could be in for a higher opening on Friday, as indicated by the trading in the index futures. Key economic data will have a bearing on the day’s market direction, although conviction in the potential move could be less due to the thin trading volume that is characteristic of pre-holiday trade.

AMC

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Dow Tumbles Over 300 Points, Market Volatility Rises Sharply

US stocks closed sharply lower on Thursday as investors digested the recent economic reports. US jobless claims increased by 2,000 to 216,000 in the week ending December 17, compared to market estimates of 220,000. The US economy, meanwhile, expanded an annualized 3.2% on quarter in the third quarter, up from 2.9% in the second estimate.

AMZN