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Economy

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Stocks were mixed as Wall Street regains some stability at the tail end of what’s been a turmoil-filled month. The S&P 500 dipped 0.2% Tuesday, though the majority of stocks within the index rose. The Dow Jones Industrial Average and Nasdaq composite were also down slightly. Weakness for some Big Tech stocks helped to pull indexes lower. There was relative calm even in the bond market, which has been home to some of Wall Street’s wildest moves since fears flared about banks earlier this month. Yields were making only modest moves higher.

Personal finances are a major source of stress for about half of the lower income households in the U.S., a new poll shows, illustrating the toll of high inflation and economic uncertainty on those who can least afford it.

Ed Sheeran has announced a special gig in support of his new album 'Subtract', where he and Aaron Dessner will play the album "all the way through".

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Approval of President Joe Biden has dipped slightly since a month ago to 38%. That's nearly the lowest point of his presidency, and comes as his administration tries to project a sense of stability while confronting a pair of bank failures and stubbornly high inflation. The new poll by The Associated Press-NORC Center for Public Affairs Research shows there have been modest fluctuations in support for Biden over the past several months. In February, 45% said they approved of him. His ratings hit their lowest point of his presidency last July, at 36%, as the full weight of rising gasoline, food and other costs began to hit U.S. households.

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The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels. The Labor Department said Thursday that jobless claims in the U.S. for the week ending March 18 fell by 1,000 to 191,000 from the previous week. The four-week moving average of claims, which flattens out some of week-to-week volatility, fell by 250 to 196,250, remaining below the 200,000 threshold for the ninth straight week. Applications for unemployment benefits are seen as a barometer for layoffs in the U.S.

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