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Tag Archives: stock market

Surge in crude oil pushes energy, other stocks higher

oil-prices-soaring

NEW YORK — Stocks are jumping Monday as the price of oil surges, lifting energy stocks. Mining and chemicals companies and banks are also climbing. The stock market is coming off its best week of the year. KEEPING SCORE: The Dow Jones industrial average jumped 204 points, or 1.2 percent, to 16,595 as of 10:27 a.m. Eastern time. The Standard ...

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US stocks open higher as oil rebounds, banks rise

oil-prices-soaring

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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US stocks slip as energy and metals prices keep falling

stocks

NEW YORK — U.S. stocks are inching lower Tuesday, adding to sharp sell-offs last week. Utilities and telecommunications companies are rising, but energy and mining stocks continue to slump on fears that demand and prices will get worse. KEEPING SCORE: The Dow Jones industrial average lost 40 points, or 0.3 percent, to 15,947 as of 2:15 p.m. Eastern. It was ...

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US stocks fall sharply on bleak Chinese manufacturing report

Trader Anthony Riccio works on the floor of the New York Stock Exchange, Tuesday, Sept. 1, 2015. More signs of weakness in China's economy are sending global stock markets sharply lower. (AP Photo/Richard Drew)

NEW YORK  — Stock markets plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world’s second-largest economy is slowing more than previously anticipated. U.S. stocks are coming off their worst month in more than three years. The price of oil sank, giving up most of the gain it ...

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U.S. GDP growth revised upward to 3.7 percent in second quarter

money

The Associated Press The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department ...

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Sanderson Farms fiscal performance takes hit from wobbly market

Sanderson-Farms

By JACK WEATHERLY The outbreak of avian flu and other factors cut deeply into Sanderson Farms’ profits in the third fiscal quarter, the Laurel-based poultry producer and processor  said in a release on Tuesday. Net sales were $740 million for the fiscal third quarter, down from $768 million a year earlier. Net income fell  to $50.9 million, or $2.27 a ...

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Actuaries: Improving stock market boosts PERS' results

JACKSON — With stock market gains replacing steep losses in the accounting ledger, Mississippi’s main public employee pension fund posted stronger results last year. Actuaries reported yesterday to the board of the Public Employees Retirement System that the funding percentage — the share of future obligations covered by current assets — rose to 61 percent as of June 30 from ...

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Hancock Fabrics' board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, and shares closed at 96 ...

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Entergy releases first web-based, integrated report

NEW ORLEANS — Entergy Corporation has released its 2013 online integrated report, combining material previously presented in the company’s annual report to shareholders and its annual sustainability report. “Producing one integrated report reinforces our belief that our stakeholders — owners, customers, employees and communities — are inextricably linked and that we must deliver sustainable value to all stakeholders in order ...

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