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NEW YORK, United States (AFP) — US stocks cruised to fresh records for the second straight day on Monday amid a tech-sector mega-merger and the opening debate in Congress on a Republican plan for deep corporate tax cuts. Oil stocks also rose as crude prices hit a two-year high on political upheaval in Saudi Arabia. The blue-chip Dow Jones Industrial Average finished up less than a tenth of a percentage point at 23,549.1 and the […]
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) — Wall Street stocks finished solidly higher Monday, joining most global equity markets that gained on easing concerns about North Korea. Pentagon chief Jim Mattis and Secretary of State Rex Tillerson said in an opinion piece for The Wall Street Journal that the United States favors a diplomatic solution to the stand-off with Pyongyang, especially with help from China, though they stressed diplomacy is “backed by military options.” Investors […]
NEW YORK, United States (AFP) — Wall Street stocks pushed to fresh highs for the fifth day in a row Wednesday, giving a boost to most international equity markets on continued optimism about US economic prospects. US stocks have been on a tear since last week when President Donald Trump vowed to release details of his promised tax cut plan within two to three weeks. On Wednesday, Trump reiterated that he would soon release specifics […]
By Sinead Carew NEW YORK, Jan 20 (Reuters) – The dollar was down but U.S. stock indexes pared their gains in the last day of a choppy trading week, after Donald Trump’s inaugural speech as U.S. President prompted investor concern about protectionist trade policies. U.S. Treasury yields fell slightly as Trump spoke but were still up on the day. The dollar, which has lost some of its momentum in recent weeks, was off 0.2 […]
NEW YORK, United States (AFP) — Moves by the Bank of England boosted London stocks Tuesday, but bourses elsewhere retreated as traders nervously eyed record low yields on government bonds. The British central bank relaxed commercial banks’ capital requirements to boost lending to businesses and households, providing a shot in the arm to London stocks, with the FTSE 100 adding 0.4 percent as the British pound fell to a 31-year low against the dollar. But Germany’s […]
