Of the three major U.S. stock indexes, only the Dow Jones industrial average was trading in the green Wednesday morning, likely due to new 52-week highs from Cisco, UnitedHealth, Procter & Gamble and Coca-Cola. In the broader market, decliners led by a ratio of around 8 to 7. The Nasdaq traded down about 0.4% in the noon hour, and the […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)2021 was a record year for initial public offerings. Looking to take advantage of hot markets, companies raised more money than […]
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U.S. equities got off to a decent start on Tuesday but could not hold on to early gains. The S&P 500 posted a new all-time intraday high before closing with a dip of 0.1%. The Nasdaq dropped 0.6%, while the Dow Jones industrials added a modest 0.3%. Trading volume was low, which likely kept the indexes from falling further. Crude […]
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When U.S. markets opened for trading on August 31, 2020, there were three new stocks in the Dow Jones industrial average. Exxon Mobil, Pfizer and Raytheon (United Technologies) had been replaced by Salesforce, Amgen and Honeywell. The change was S&P’s attempt to offset Apple’s four-for-one stock split in the price-weighted index. That lineup lasted through all of 2021 and will […]
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The broad U.S. market was up solidly in the noon hour Monday, with the Nasdaq showing a gain of about 1.1%, the S&P 500 just over 1% higher and the Dow Jones industrials up about 0.6%. All 11 sectors were trading higher, led by tech (1.7%) and energy (1.5%). Several tech stocks posted new 52-week highs thus far Monday, including […]
Read moreFox Business Flash top headlines for December 23 Check out what’s clicking on FoxBusiness.com. Activist investor Starboard Value LP has a sizable stake in GoDaddy Inc. GDDY 0.40% and plans to push the domain registrar to boost its performance. Starboard controls a roughly 6.5% stake in the company worth around $800 million, according to people familiar with the matter. While the hedge fund’s exact plans […]
Read moreExpert’s 2022 market outlook Adviser Investments CIO Jim Lowell discusses his market outlook for 2022 and what impact the omicron variant will have on the economy. U.S. stocks kicked off the final trading week of the year higher with the S&P 500 hitting a new record high, rising 0.5%. The Nasdaq Composite also ticked higher by the same amount, and […]
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U.S. infectious disease expert Dr. Anthony Fauci said Sunday that cases of Covid-19 are likely going to keep surging as the omicron variant rapidly spreads across the globe. "Every day it goes up and up. The last weekly average was about 150,000 and it likely will go much higher," Fauci said on ABC's "This Week." The U.S. has reported more than 52 […]
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U.S. equities indexes closed solidly higher on Wednesday, and all three major indexes traded up in Thursday’s by about a quarter-point. All 11 sectors closed higher as well, led by consumer cyclicals (up 1.8%) and technology (up 1.3%). Thursday morning’s report on new claims for unemployment benefits came in slightly higher than forecast at 1.86 million new claims, but down […]
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