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The S&P 500 set a new closing record on Monday, after falling just short of it late last week. Hopes for progress on the US-China trade front is propelling stock markets higher across the world. The Office of the US Trade Representative said late last week that the world’s two largest economies had made headway in […]
Nothing is spooking investors on this particular Friday the 13th. The Dow climbed to its eighth day of gains in a row on the news that China will exempt US soybeans and pork from its next round of tariffs. The Dow finished 0.1%, or 34 points, higher, logging its longest win streak since May 2018. The index […]
The Dow Jones Industrial Average hit a record intraday high on Thursday, topping 27,000 for the first time as investors cheered the increasing likelihood of the first rate cut in a decade. Markets were buoyant as Federal Reserve Chairman Jerome Powell spoke for the second day on Capitol Hill as part of his twice-yearly testimony […]
Wall Street plunged Monday morning, with the Dow Jones Industrial Average falling by almost 600 points in response to a ratcheting up of trade tensions after China said it would raise tariffs on $60 billion worth of U.S. goods, starting June 1. Global markets have shown intense volatility over the past few weeks, with all […]
Uber began trading Friday on the New York Stock Exchange at $42 per share, below its IPO price of $45. The stock was down more than 4% in the afternoon. Uber priced its shares Thursday night toward the low end of its target range of $44 to $50 per share. That gave Uber a valuation of$75.46 billion at its […]
The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Friday’s monthly snapshot from the Department of Labor. Wall Street reacted positively to the jobs report, with the Dow Jones Industrial Average gaining 160 points at market open on Friday. The nation’s unemployment level fell to 3.6 percent, […]
Dow rallies by 1,000 points, erasing record Christmas Eve losses
U.S. stocks plunged on Monday in their worst day of Christmas Eve trading ever, as the S&P 500 entered a bear market. The Dow Jones Industrial Average dropped by 653 points Monday in volatile trading, falling below 22,000. The Dow sank more than 2 percent, then recovered nearly all of the day’s losses, before again […]
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