US markets (S&P 500 Index -1.0%) fell for a second consecutive day on Thursday, raising bets that the bearish case for US stocks remain intact. However, they are still on track to end the week higher after experiencing its biggest two-day rally since 2020 earlier in the week. Utilities (-3.3%) and Real Estate (-3.2%) led all sectors into the red on Thursday, except Energy (+1.8%).
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