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NEW YORK, United States (AFP) — Wall Street stocks paused Tuesday in record range on rising hopes over US-China trade talks as US services sector data topped expectations. The Dow mustered a narrow record for a second day in a row, while the S&P 500 fell slightly and the Nasdaq was flat. Hopes that the United States and China will soon seal “phase one” of a trade agreement got another push Tuesday following a Wall […]
NEW YORK, United States (AFP) — A strong US economic growth report lifted the Dow to a fresh record close Wednesday, even as the tech-rich Nasdaq plunged following a sell-off in high-flying technology shares. Meanwhile, bitcoin hogged the headlines after the virtual currency, which is not traded on world markets, smashed its way to historic peaks, racing past $11,000 a day after breaking $10,000 on a wave of feverish speculation as institutional investors looked to […]
NEW YORK, United States (AFP) — The Dow ended at a record high Thursday after President Donald Trump nominated Jerome Powell to lead the Federal Reserve and congressional Republicans unveiled their long-awaited tax cut plan. The Dow Jones Industrial Average gained 0.3 percent to finish at 23,514.81, about 75 points above the prior record set last Friday. The broad-based S&P 500 ended up a hair at 2,579.85, while the tech-rich Nasdaq Composite Index dipped less […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — A strong forecast from retail behemoth Wal-Mart propelled the Dow to a fresh record Tuesday, while the Catalan political crisis in Spain weighed on European equity markets. Wal-Mart Stores surged 4.5 percent after projecting fiscal 2019 sales would rise at or above three percent following a deeper push into e-commerce. The retail giant also announced a $20-billion share repurchase program. Wal-Mart’s gain helped lift the Dow […]
NEW YORK, United States (AFP) — The Dow and S&P 500 ended at fresh records Monday as a strong second-quarter earnings season continued to attract more funds to the United States equity market. The Dow Jones Industrial Average posted its ninth straight record, finishing at 22,118.42, a 0.1 percent increase over Friday’s close. The broad-based S&P 500 rose 0.2 percent to end at 2,480.91 also a new all-time high, while the Nasdaq Composite Index gained […]
NEW YORK, United States (AFP) 00 Wall Street ended the week on an emphatic high note, as the blue-chip Dow rose to its eighth consecutive record finish Friday. Investors were buoyed by rosy job creation numbers in July, as the economy added 209,000 net new positions, as well as a string of good earnings reports. The Dow Jones Industrial Average rose 0.3 percent to close at 22,092.81, and the broader S&P 500 and tech-heavy Nasdaq […]
NEW YORK, United States (AFP) — Wall Street stocks finished at fresh records Friday following solid bank earnings, while the dollar retreated after lackluster US data raised questions about additional Federal Reserve rate hikes. The Dow and S&P 500 ended at fresh records in anticipation that teh positive bank results foreshadow a generally strong earnings period. The records, the third in a row for the Dow, capped a strong week for US stocks that some […]
NEW YORK, United States (AFP) — US stocks jumped Tuesday with retailers and energy firms among the winners as positive sentiment about President Donald Trump’s economic agenda again lifted the market to fresh records at the close. All three major equity indices finished at all-time highs for the seventh time in eight sessions, with the Dow Jones Industrial Average up 0.6 percent at 20,743.00. The broad-based S&P 500 also gained 0.6 percent to end the […]
TOKYO, Japan (AFP) — Tokyo stocks rose Thursday morning after the Dow topped 20,000 points for the first time on hopes US President Donald Trump’s economic plans will ramp up growth. The surge was the latest sign that investors are brushing aside worries about Trump’s bent towards trade protectionism and instead betting that the White House and Republican Congress will usher in tax cuts, spend big on infrastructure and slash red tape. “The US economy […]
NEW YORK, United States (AFP) — A hefty drop in Apple shares left the Nasdaq in the red Thursday, but higher oil prices helped keep the Dow in positive territory. Apple briefly ceded its crown as the world’s biggest publicly traded company to Google parent Alphabet during the session, but managed to edge out Alphabet at the end of trade. But Apple still finished down 2.4 percent on worries about declining iPhone sales and the lack […]
(Reuters) — The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world. A report overnight showed China’s manufacturing sector shrank at the fastest pace since 2009, exacerbating worries about the health of its economy and whether the government would take further steps to stem its slowdown. The Russell […]
(Reuters) Big job cuts at Microsoft. The world’s largest software company is cutting up to 7,800 positions – most of them in its phone business. This move comes just one year after it launched one of the largest layoffs in tech history – some 18,000 jobs – as it tried to focus on cloud computing and mobile software services. Microsoft will write off $7.6 billion associated with Nokia’s handset unit it bought last year. It’s […]
