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Dow, S&P 500 Post Record Closing Highs
The Dow and S&P 500 registered record closing highs Friday even as the U.S. government shutdown went on for a third day, with interest rate-cut expectations improving as the U.S. government shutdown went on for a third day, while the Nasdaq eased.
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Magnificent 7 Still Shape Future, as New Macro Is Micro
Every few years, markets ask whether the leading companies of the age have peaked. Today, that question hovers over the Magnificent Seven - the group of mega-cap tech firms that have powered much of the equity market's returns.
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Wall St Hits Intraday Records, Dow Surpasses 47,000
Wall Street's main indexes hit record intraday highs on Friday, and the Dow surpassed 47,000 for the first time, driven by AI optimism and signs of a cooling labor market that strengthened the case for interest-rate cuts and put them on track for weekly gains.
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3 Water Stocks for Long-Term Dividend Growth
Water is one of the most vital components of life. It is natural for investors to include water stocks in their portfolios. In general, water stocks have simple business models and are resilient to recessions thanks to the essential nature of their business.
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No Payrolls, No Problem as Global Stocks Hit Record Highs
World stocks were on course for a solid weekly gain and more record highs, as the seemingly unstoppable rally in tech shares and expectations of lower U.S. interest rates helped offset U.S. government shutdown uncertainty.
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Sharp Inflows to Equity Funds on Rate Cut Hopes
U.S. equity funds saw robust inflows in the week to October 1 on renewed bets of rate cuts, as an inflation report eased worries that a buildup in prices would push the Federal Reserve to delay policy support for a weakening labor market.
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Elon Musk's $1 Trillion Pay Plan Faces Pushback From Investors, State Officials
A group of Tesla shareholders including SOC Investment Group and several state officials urged investors to vote against Elon Musk's $1 trillion pay package at the company's November meeting, a regulatory filing showed.
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Payroll Data on Ice Gives Wall St Newfound Free Time
The release of U.S. jobs data typically has traders and investors glued to their screens at 8:30 am waiting for the all-important numbers.
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Google, NBCUniversal Deal Averts YouTube Blackout
Alphabet's Google and Comcast-owned NBCUniversal have reached a multi-year agreement to keep NBC shows such as "Sunday Night Football" and "America's Got Talent" on YouTube TV, wrapping up a difficult negotiation.
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Tech Lifts Wall Street Higher, Offsetting Uncertainties
The Nasdaq marked a record closing high on Thursday with support from the technology sector while the benchmark S&P 500 barely managed to notch a record close as investors cautiously monitored private labor market data in the second day of a U.S. government shutdown.
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Stocks Drift Near Records as Tech Keeps Rising
U.S. stocks are drifting around their records Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government.
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Tesla Reports Surprise Increase in Sales in Q3
Tesla reported a surprise increase in sales in the third-quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30.
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Berkshire Buying Occidental's OxyChem for $9.7B
Warren Buffett announced his biggest deal in years Thursday with Berkshire Hathaway's $9.7 billion acquisition of Occidental Petroleum's chemical division.
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Gold Hits New Record Just Under $3,900
Gold prices rose to hit a new record high Wednesday, supported by safe-haven demand as the U.S. government shut down most operations, while growing expectations of a Federal Reserve rate cut this month added to the metal's appeal.
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Stocks Climb as Investors Shrug Off Jobs Data, Shutdown
Wall Street's main stock indexes rose Wednesday, with strong support from the healthcare sector, despite weaker-than-expected private payrolls data and uncertainty around the first day of the U.S. federal government shutdown.
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Microsoft Names CEO to Run Commercial Business, Nadella to Focus on Tech
Microsoft Chief Commercial Officer Judson Althoff will take on an expanded role as CEO of commercial business, freeing up company chief Satya Nadella to focus more on the technical side of the business in the tech giant's quest to dominate the AI race.
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Stocks Drift After Latest Weak Jobs Signal
U.S. stocks are drifting Wednesday following the latest discouraging signal on the job market.
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Meta to Use AI Chats to Personalize Content, Ads
Meta Platforms said Wednesday it would begin using people's interactions with its generative AI tools to personalize content and advertising across its apps such as Facebook and Instagram starting on December 16.
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Markets in Third Quarter: The Calm After the Storm
After the storms earlier in the year, investors have basked in a steamy summer market melt-up that has added another $5 trillion to record-high share markets and lifted almost everything else, too.
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Morning Bid: Washington Goes Dark
With Washington closed after Tuesday's congressional impasse, markets are left in a bit of quandary about how to interpret the hiatus and which economic data to focus on if this week's key jobs reports are furloughed along with government workers.
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Drugmakers Rise After Trump Reveals Pfizer Price Cuts
Shares of U.S. drugmakers rose after President Donald Trump said Tuesday that Pfizer will cut the price of all prescription drugs in the Medicaid program for low-income Americans in exchange for tariff relief and added that he expects other drugmakers to follow suit.
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Berkshire in Talks to Buy Occidental's OxyChem for $10B
Berkshire Hathaway is in talks to buy Occidental Petroleum's petrochemical unit for about $10 billion, The Wall Street Journal reported Tuesday.
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Stocks Rise to Finish Their Latest Winning Month
U.S. stocks coasted to the finish of their latest winning month. The S&P 500 rose 0.4% Tuesday to close out its fifth straight winning month after setting a record last week. The Dow Jones Industrial Average gained 0.2%, and the Nasdaq composite rose 0.3%.
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Mike Maloney: Stablecoins Are Crypto's 'Nuclear Moment'
The U.S. Federal Reserve is widely expected to cut interest rates again, while the Securities and Exchange Commission prepares to issue long-awaited rulings on 16 new cryptocurrency ETF applications, and Mike Maloney, founder and CEO of Insight, told Newsmax that these...
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Stocks Slip as US Government Shutdown Looms
The S&P 500 and the Nasdaq edged lower Tuesday, the final day of the third quarter, on worries that a looming U.S. government shutdown could jeopardize the timely release of economic data.