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Banking & Finance

Dow nears 20,000 as familiar tech and retail names climb

Major U.S. stock indexes are reaching record highs Tuesday as big-name technology companies like Apple trade higher and energy companies extend a recent winning streak. The Dow Jones industrial average traded above 19,900 for the first time. The Federal Reserve began its last policy meeting of the year, and it’s widely expected to announce an increase in interest rates on ...

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Markets Right Now: Dow at record; most other stocks lower

The latest on developments in financial markets (All times local): 9:35 a.m. Stocks are opening mostly lower on Wall Street, except for energy companies, which rose along with the price of oil. Big jumps in Exxon Mobil and Chevron early Monday nudged the Dow Jones industrial average higher, but other major market indexes were lower. The price of crude oil ...

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Phone and bank stocks push indexes higher; Dow at record

Stocks posted slight gains on Tuesday, sending the Dow Jones industrial average to another record, helped by shares of telecommunications companies such as Verizon, Sprint and AT&T. Small companies and bank stocks also rose as investors continue to speculate that U.S. economic growth will pick up under the incoming Trump administration. The Dow Jones industrial average rose 35.54 points, or ...

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Dow hits another record as bank stocks continue to climb

U.S. stocks are rising Monday morning, led by gains in bank stocks, sending the Dow Jones industrial average to another record high. Other major indexes are also up but still below their own all-time highs. European stocks were mostly higher, but Italy’s market fell after Italian voters rejected constitutional changes, dealing a major setback to Premier Matteo Renzi. KEEPING SCORE: ...

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BILL CRAWFORD — PERS’ deficit “mortgage” ballooning, not shrinking

You know how a mortgage works right? You make your monthly payments and gradually your mortgage balance comes down.   Pat Robertson, Executive Director of the Mississippi Public Employees’ Retirement System (PERS), tells legislators and retirees to think of PERS’ massive $16.8 billion funding shortfall as a mortgage: “Having an unfunded liability (deficit) is analogous to having a mortgage and ...

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Oil and banks take Dow to new highs, but tech stocks dive

More big gains for blue-chip banking and oil stocks pulled the Dow Jones industrial average to another record high Thursday even as broader market indexes continued to slip. Technology companies are plunging and on are track for their biggest loss in two months. High-dividend stocks are also trading lower as bond yields rise. KEEPING SCORE: The Dow gained 38 points, ...

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Dow reaches records again as energy companies surge

The Dow Jones industrial average is trading at a record high Wednesday as blue-chip energy companies and banks surge. Oil stocks climbed after countries in OPEC, which collectively produce more than one-third of the world’s oil, agreed to trim production for the first time in eight years. Banks are also rising sharply as bond yields and interest rates increase. Other ...

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Oil drops amid caution over OPEC meeting; stocks mixed

The price of oil dropped and stock markets were mixed Tuesday as it became uncertain whether OPEC countries might reach an agreement to cut crude production at their meeting this week. KEEPING SCORE: Among stocks, London’s FTSE 100 index shed 0.4 percent to 6,770 while France’s CAC 40 advanced 0.8 percent to 4,544 and Germany’s DAX added 0.2 percent to ...

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Stocks fall after record run as consumer companies slip

U.S. stocks are opening lower Monday after they set records throughout last week. Consumer companies and banks are taking some of the largest losses. Energy companies are climbing as the price of oil jumps. KEEPING SCORE: The Dow Jones industrial average sank 55 points, or 0.3 percent, to 19,097 as of 9:42 a.m. Eastern time. The Standard & Poor’s 500 ...

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