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GlobalFoundries Says IBM Demanding $2.5 Billion as IPO Nears

Reuters

US STOCKS-S&P closes essentially flat as investors wait for a catalyst

The S&P 500 ended a languid session nominally lower on Monday, with investors standing by on news of a global minimum corporate tax rate, lingering inflation fears, and a lack of market-moving catalysts. The Dow joined the S&P to close in negative territory, while the Nasdaq ended higher. “Thematically, we’re done with earnings, so you have this lull in between earnings when what drives the market is economic data points,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta.

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