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Stocks claw back earlier losses, and Capital One rises after Discover deal closes


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Published in Stocks and Investing on by CNBC   Print publication without navigation

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

On May 19, 2025, U.S. stocks managed to recover from earlier declines, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all closing higher. The market rebound was influenced by positive developments in the financial sector, particularly the completion of Capital One's acquisition of Discover Financial Services, which saw Capital One's stock rise significantly. The deal, valued at $35 billion, is expected to create a major player in the credit card industry. Additionally, investors were reacting to mixed economic data, including a slight uptick in consumer confidence and ongoing concerns about inflation, which continue to shape expectations for future Federal Reserve actions.

Read the Full CNBC Article at:
[ https://www.cnbc.com/2025/05/19/stocks-claw-back-earlier-losses-and-capital-one-rises-after-discover-deal-closes-.html ]

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