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US equities finished lower in Wednesday trading, ending a bit off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 12bps, 58bps, and 115bps respectively. Today's $13B 20Y auction stronger than expected after last week's string of weak auctions. Latest Fed Beige Book said economy expanded slightly, while price increases were little changed since late February, but consumer spending reports were mixed. Reports Biden will propose a big hike in tariffs on China steel and aluminum.
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