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by John BIERS Agence France Presse NEW YORK, United States (AFP) — A collective sigh of relief swept across global trading floors on Tuesday as bargain hunters swooped in to buy Wall Street stocks, stemming a hemorrhage that had been spreading panic among investors. With Asian and European equity markets plunging, New York stocks started their trading day with another jaw-dropping fall as the Dow index dived nearly three percent, adding to the previous day’s […]
NEW YORK, United States (AFP) — Wall Street stocks endured a brutal session Monday, with the Dow seeing one of its steepest ever one-day point drops, as the heady bullishness of early 2018 gave way to extreme volatility. The Dow Jones Industrial Average tumbled 4.6 percent to 24,345.75, having at one point plummeted nearly 1,600 points to hit a session low of 23,923.88. The broad-based S&P 500 dropped 4.1 percent to 2,648.94, while the tech-rich […]
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) — Wall Street stocks fell Wednesday on doubts about President Donald Trump’s tax cut proposal as weakness in oil prices dragged down petroleum-linked equities. Analysts expressed concern that an increasingly complex Capitol Hill debate on taxes could delay or derail the long-anticipated measure. The most recent idea in the Senate is to repeal the Obamacare individual mandate as part of the plan. “They are making their own progress, but at […]
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 […]
