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Kensal Farmers Elevator Co
Kensal ND 
Kensal - 701-435-2451
Bordulac - 701-652-2045


 
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US Stocks Turn Higher Wednesday        05/25 10:32

   Stocks shook off some early weakness and turned tentatively higher 
Wednesday, led by gains in store operators and other retailers.

   NEW YORK (AP) -- Stocks shook off some early weakness and turned tentatively 
higher Wednesday, led by gains in store operators and other retailers.

   Retailers had been beaten down in recent days over concerns that soaring 
inflation was eating into their profits. Some of those concerns dissipated 
after the high-end department store operator Nordtrom reported higher sales and 
raise it profit forecast.

   The S&P 500 rose 0.8% as of 10:30 a.m. Eastern . A modest turn higher in the 
volatile technology sector helped push the Nasdaq up 1.2%, erasing its loss for 
the week. The Dow Jones Industrial Average rose 24 points, or 0.1%, to 31,953.

   The yield on the 10-year Treasury note, which helps set mortgage rates, held 
steady at 2.76%.

   The broader market remains volatile with investors on edge because of rising 
inflation and its impact on businesses and consumers. Investors are also 
concerned about the Federal Reserve's aggressive plan to raise interest rates 
to fight inflation and hope the Fed won't act so aggressively to slow the 
economy as to cause a recession.

   The Fed releases the minutes on Wednesday from its most recent policy 
meeting, potentially offering more insight into the reasons behind its actions 
this year.

   The S&P 500 gained ground on Monday, but slipped again on Tuesday as 
warnings from big retailers about inflation piled up. That has been a key 
concern throughout the latest corporate earnings season and has kept major 
indexes in a slump. The S&P 500 is coming off of a seven-week losing streak.

   European markets were higher and Asian markets closed mostly higher.

   Russia's invasion of Ukraine in February added even more pressure to already 
rising energy costs, making inflation worse for both businesses and consumers. 
Supply chains became even tighter over the last month as China locked down 
several major cities to fight rising cases of COVID-19.

   Also on Wednesday, there was an increasingly downcast view of the months 
ahead from corporate leaders, government officials and other VIPs gathered at 
the World Economic Forum's annual meeting in Davos, Switzerland.

    

 
 
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