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Tag Archives: Wall Street

Boosted by Apple, Wall Street parties like it’s 19,999

The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record highs, boosted by Apple, extending a two-month rally fueled by optimism about U.S. President-elect Donald Trump. Apple (AAPL.O) climbed 1.1 percent after Canada’s Competition Bureau did not find …

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Asia follows Wall Street higher, upbeat U.S. data lifts dollar vs yen

Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement a scheduled output cut. MSCI’s broadest index of Asia-Pacific shares outside …

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Fed official stands by Wall Street reforms, says must complete work

The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, …

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Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll

A solid U.S. jobs report for September reinforced expectations among Wall Street’s top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15 primary dealers that responded to the poll forecast a rate …

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Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll

Wall Street’s biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 …

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Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains

Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve’s policy decision capping gains. The safe-haven yen sat atop large gains as hopes for a large fiscal stimulus package out of Japan faded. MSCI’s broadest …

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Silicon Valley leads avalanche of quarterly reports

A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam. With second-quarter reporting season kicking into high gear, …

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Wall Street ends flat but futures slip after Turkey coup reports

The Dow industrials ended at a record high on Friday and major indexes closed a third consecutive week of gains as upbeat economic data and the start of earnings season gave investors confidence. But equity futures fell after the closing bell following reports of a coup in Turkey. The military …

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After market spasm, Wall Street looks past Brexit

A week-long convulsion in U.S. stocks induced by Britain’s vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has created a bounty of uncertainty about the …

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain’s decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks .SPSY led the decline …

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