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Tag Archives: economy

US stocks hang close to records after mixed profit reports

U.S. stock indexes held close to their record highs following a mixed set of earnings reports Wednesday, where some big companies topped Wall Street’s expectations and others warned that the slowing global economy and trade tensions are hitting their profits. The S&P 500 flipped between small gains and losses as trading opened for the day, similar to how it’s been ...

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Pre-holiday blues? Economy, tariffs cloud retail outlook as 4Q approaches

The slowing economy has made Kim Hawkins’ bridal customers hesitant about splurging, even for their big day. “They’re getting some of the more simple centerpieces, like glass vases or candles rather than the more extravagant centerpieces,” says Hawkins, owner of Events Wholesale, a Watkinsville, Georgia-based company that sells decorative items for weddings, parties and other events. Hawkins has also noticed ...

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Stocks slip as surge in oil brings fresh economic worries

Stocks fell broadly on Wall Street in afternoon trading Monday after an attack on Saudi Arabia’s biggest oil processing facility sent crude prices soaring. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil at a time when the global economy’s strength is already seen as shaky. President Donald Trump warned ...

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ONWARD AND UPWARD — Stocks power on, heading for strong finish to volatile month

Stocks climbed broadly on Wall Street in early trading Friday as the market extended a recent rally and closed in on a big weekly gain after four straight weeks of losses. Despite marching higher most of this week, the market is on track to finish August with a loss. That would be only the second monthly decline this year after ...

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US stocks turn mostly lower amid doubts over Fed rate cut

Stocks gave up an early gain and veered lower in midday trading Thursday as investors grew less certain about the likelihood that the Federal Reserve will lower interest rates again next month. Losses in technology, health care and communication services stocks outweighed gains in banks, consumer goods companies and elsewhere in the market. Bond prices fell, pushing yields higher. Remarks ...

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Solid earnings from major US retailers drive stocks higher

U.S. stocks marched broadly higher in early trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Target and Lowe’s surged, leading a rally in retail stocks, as the market bounced back from its first loss in four days. Technology companies accounted for a big share of the market’s gains. Microsoft gained 1.3% and Apple ...

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Tech and financial stocks help drive US stocks higher

Stocks marched broadly higher on Wall Street in early trading Monday, building on solid gains for the market after a rally late last week. Technology stocks accounted for a big share of the gains after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmaker Nvidia rose 4.8%. Financial stocks also rose as ...

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Stocks move broadly higher as turbulent week nears its end

NEW YORK — Stocks rose broadly in midday trading on Wall Street Friday as investors look to end a turbulent week on a positive note. The S&P 500 rose 1.3% as of 11:40 a.m. Eastern time and the Dow Jones Industrial Average also gained ground. But both indexes are still headed for a third straight weekly decline after steep losses ...

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US stock indexes end mostly higher after volatile day

Investors rode out another turbulent day on Wall Street Thursday that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores and online — can keep going. The major U.S. stock ...

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Stocks slide after bond market warns again of recession

Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy. The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning for the first time since 2007. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead. Investors responded ...

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