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Tech Stocks Lead US Indexes Higher; Hospitals, Insurers Sink
If we come in at expectations or slightly above, I think markets maintain these gains, he said. If that doesn't happen, Lynch said the S&P 500 could decline four or five percent by the end of the year. That's not a huge loss, but stocks haven't fallen that much since early 2016. Wells Fargo fell $1.81, or 3.3 percent, to $53.40 after its third-quarter results came up far short of analyst estimates as its legal expenses rose.
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