S&P 500 declined after rate cuts

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Source: Dukascopy Bank SA
S&P 500 index breached its three day gains on Thursday as investors considered that recent ECB interest rate cut would have a minor impact on Eurozone's economy. Moreover, traders awaited US jobs report due on Friday. US benchmark slipped 0.5% or 6.44 points to 1,367.58. Netflix Inc rallied 13% after the analyst reported firm's online audience outperforms cable and TV networks. Ross Stores added 7%, after the discounter announced its sales in shops opened less than one year ago accelerated 7% in June. Retailer TJX soared 3.7% on better than expected earnings last month.

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