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Stocks recover after health bill pulled Friday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Stocks erased much of an afternoon loss and ended mixed after the Republican-backed health care reform bill was pulled because of a lack of support in Congress. The market still closed out its worst week since the election Friday. Several health care companies rose as the bill’s prospects worsened throughout the day. Hospital operator Community Health Systems soared 9.7 percent. The Standard & Poor’s 500 slipped 2 points, or 0.1 percent, to 2,343. The Dow Jones industrial average lost 59 points, or 0.3 percent, to 20,596. The Nasdaq gained 11 points, or 0.2 percent, to 5,828. More stocks fell than rose on the New York Stock Exchange. Share this:

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Stocks sink as health care bill woes challenge Trump agenda

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening higher on Wall Street, on Friday, March 24, 2017, led by gains in technology companies and banks. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — U.S. stocks are falling as the struggling Republican health care bill again dominates investors’ attention. House Republicans say the proposal doesn’t have enough support to pass in a vote this afternoon. That’s casting some doubt on President Donald Trump’s business-friendly agenda and stocks are on track for their biggest weekly loss since the presidential election. KEEPING SCORE:… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already …

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US stocks move higher Friday as health care vote remains uncertain

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stocks are higher Friday as technology companies rise, but challenges to the Republican-backed American Health Care Act are again weighing on the market. For most of this week investors have been waiting for answers about the fate of the bill, which is scheduled to be voted on later Friday after it was delayed a day ago. Stocks are on track for their biggest weekly loss of 2017. KEEPING SCORE: The Standard & Poor’s 500 index picked up 6 points, or 0.2 percent, to 2,351 as of 1 p.m. Eastern time. The Dow Jones industrial average added 13 points, or 0.1 percent, to 20,669. It rose as much as 61 points earlier on. The Nasdaq composite jumped 32 points, or …

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US stocks higher in early trading Friday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are opening slightly higher on Wall Street, led by gains in technology companies and banks. Chipmaker Micron Technology surged 11 percent in early trading Friday after reporting results that were much better than analysts were expecting. Investors were keeping a close eye on Washington, where a vote was expected later in the day on the Republican-backed health care reform bill. The Standard & Poor’s 500 index rose 5 points, or 0.2 percent, to 2,351. The Dow Jones industrial average gained 38 points, or 0.2 percent, to 20,695. The Nasdaq composite gained 26 points, or 0.5 percent, to 5,843. Share this:

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Stocks climb, led by banks; health care debate continues

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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FILE – In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stocks are treading water early Thursday, March 23, 2017, as investors wait for news about the fate of the Republican-backed health care bill, a centerpiece of President Donald Trump’s business-friendly agenda of cuts to taxes and regulations and greater infrastructure spending. (AP Photo/Richard Drew, File) (Credit: AP) (AP) — U.S. stocks are broadly higher Thursday as banks recover some ground thanks to an upturn in bond yields, which will make lending money more profitable by forcing interest rates on loans higher. Google’s parent company, Alphabet, leads technology stocks lower as a number of companies …

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US stocks turn higher in midday trade Thursday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stocks are turning higher as bank stocks recover some ground thanks to an upturn in bond yields, which will make lending money more profitable. Google’s parent company, Alphabet, is weighing down technology stocks Thursday after several major companies said they will stop advertising on YouTube because their ads were appearing alongside offensive videos including some promoting terrorism. Investors are keeping a close eye on Washington, where a vote was expected later Thursday on a Republican-backed health care bill. The Standard & Poor’s 500 index rose 4 points, or 0.4 percent, to 2,356. The Dow Jones industrial average gained 71 points, or 0.4 percent, to 20,733. The Nasdaq composite climbed 16 points, or 0.3 percent, to 5,838. Share this:

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Banks lead stocks higher; health care debate continues

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stocks are mostly higher Thursday as bank stocks recover some ground thanks to an upturn in bond yields, which will make lending money more profitable. Google’s parent company, Alphabet, leads technology stocks lower as a number of companies say they will stop advertising on YouTube. KEEPING SCORE: The Standard & Poor’s 500 index rose 5 points, or 0.2 percent, to 2,354 as of 11 a.m. Eastern time. The Dow Jones industrial average added 41 points, or 0.2 percent, to 20,702. The Nasdaq composite rose 12 points, or 0.2 percent, to 5,833. The Russell 2000 index, which tracks smaller companies, gained 12 points, or 0.9 percent, to 1,357. Three-fourths of the stocks on the New York Stock Exchange were rising. …

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US stocks open little changed Thursday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are barely changed as Congress continues to debate health care legislation, a key first piece of President Donald Trump’s business-friendly agenda. Technology companies are down Thursday and giving up some of the previous day’s gains. Alphabet, Google’s parent company, lost 1.6 percent. Energy companies are slipping with oil prices but consumer-focused companies are rising. Clothing company PVH jumped 8.5 percent after strong earnings. Nike is up 2.1 percent after a sharp drop a day ago. The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,345. The Dow Jones industrial average fell 25 points, or 0.1 percent, to 20,636. The Nasdaq composite shed 11 points, or 0.2 percent, to 5,810. Share this:

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Wall Street’s New Trick to Dodge Trump-Induced Stock Swings

In Business, Finance, Government, Healthcare by Wired NewsLeave a Comment

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By now you’ve seen how President Trump can move a market. He sends stocks soaring or sinking depending on what new nuggets his itchy Twitter fingers dash off on any given Saturday morning. That impulsiveness is already forcing bottom line-conscious businesses to kick their brand management into overdrive. Now a new online tool aims to help Wall Street hedge its bets in the face of a new and always unpredictable administration. It’s called—yes—Trump Tracker. Research firm Sentieo built Trump Tracker out of an existing product that enables hedge fund managers to scan public filings and receive instant, automated alerts for keywords. A manager with holdings in Ford, for instance, might want to set alerts for the term “autonomous vehicle” to …

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After a bumpy start, stocks manage gains Wednesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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U.S. stocks shook off a shaky start and finished mostly higher as technology and industrial companies rose. Apple rose 1 percent Wednesday and Microsoft gained 1.3 percent. The modest gains came a day after the market had its biggest drop this year. Banks continued to fall along with bond yields, which forces interest rates on loans lower. Wells Fargo dropped 1 percent. Sears plunged 12 percent after the struggling retailer said it was doubtful it would be able to keep operating. The Standard & Poor’s 500 index edged up 4 points, or 0.2 percent, to 2,348. The Dow Jones industrial average fell 6 points, less than 0.1 percent, to 20,661, dragged down by a big drop in Nike. The Nasdaq …

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Markets Mixed After Biggest Selloff of 2017

In Business, Finance, Government, Video by Associated PressLeave a Comment

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U.S. stocks are mixed Wednesday. More stocks are down than up as the market comes off its biggest loss in five months. (March 22) Subscribe for more Breaking News: http://smarturl.it/AssociatedPressGet updates and more Breaking News here: http://smarturl.it/APBreakingNews The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats.AP’s commitment to independent, comprehensive journalism has deep roots. Founded in 1846, AP has covered all the major news events of the past 165 years, providing high-quality, informed reporting of everything from wars and elections to championship games and royal weddings. AP is the largest and most trusted source of independent news and information.Today, AP employs the latest technology …

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Tech stocks lead US indexes mostly higher midday Wednesday

In Business, Emerging Technology, Events, Finance, Government, Healthcare, Science & Nature by Long Island Business NewsLeave a Comment

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U.S. stock indexes are turning mostly higher at midday Wednesday as technology companies rise and investors react to another drop in bond yields by buying high-dividend utility companies. Energy companies are declining with the price of oil. However more stocks are down than up as the market comes off its biggest loss in five months. KEEPING SCORE: The Standard & Poor’s 500 index picked up 4 points, or 0.2 percent, to 2,348 as of noon Eastern time. The Dow Jones industrial average fell 10 points, or 0.1 percent, to 20,657, dragged down by a steep fall in Nike. The Nasdaq composite rose 21 points, or 0.4 percent, to 5,815. The Russell 2000 index of smaller companies sank 5 points, or …

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US stocks waver in early trading Wednesday

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Stocks are treading water in early trading as gains in high-dividend stocks are outweighed by drops in banks and other sectors. Sears Holdings plunged 9 percent in early trading Wednesday after the struggling retailer said it was doubtful it would be able to keep operating. Nike dropped 6 percent after issuing a weak forecast. The market is coming off its biggest drop so far this year. The Standard & Poor’s 500 index slipped 1 point to 2,342. The Dow Jones industrial average fell 36 points, or 0.2 percent, to 20,632. The Nasdaq composite edged up 5 points, or 0.1 percent, to 5,799. Small-company stocks fell more than the rest of the market. More stocks fell than rose on the New …

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Love Canned Tuna? More Grocers Want To Make Sure It Was Caught Responsibly

In Business, Finance, Government, Healthcare by National Public RadioLeave a Comment

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Enlarge this image Cans of tuna at Whole Foods Market Whole Foods Market hide caption toggle caption Whole Foods Market For the last 20 years, Americans have been having a conversation about sustainable seafood that was largely focused on fish purchased at restaurants or fresh seafood counters. Armed with seafood guides, thoughtful customers were encouraged to pose questions about where their fish was caught and what type of gear was used — questions that are far trickier to pose in front of a wall of canned tuna in the middle of a supermarket. While tuna poke may be winning over American palates today, our consumption of fresh tuna is still dwarfed by our collective appetite for the canned stuff. According …

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Global shares tumble on jitters over Trump reform agenda

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, March 22, 2017. Shares fell in Asia early Wednesday after U.S. stocks took their biggest loss in five months. The sell-off overnight on Wall Street was spurred by obstacles to a health care bill backed by President Donald Trump that also raised questions over prospects for his agenda of boosting growth by cutting taxes and regulations. (AP Photo/Lee Jin-man) (Credit: AP) (AP) — Global stock markets fell Wednesday, with Tokyo tumbling more than 2 percent, as jitters over U.S. President Donald …

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Stocks post their biggest loss this year

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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U.S. stocks had their biggest drop this year, led by declines in banks. Financial companies, which soared in the months since the U.S. presidential election, fell sharply Tuesday. Bank of America sank 5.8 percent, while JPMorgan Chase and Wells Fargo each lost about 3 percent. A drop in bond yields helped push financial stocks lower. Lower yields mean lower interest rates on mortgages and other kinds of loans. Industrial companies and transportation stocks also fell. United Continental dropped 3.3 percent. The Standard & Poor’s 500 index lost 29 points, or 1.2 percent, to 2,344. The Dow Jones industrial average fell 237 points, or 1.1 percent, to 20,668. The Nasdaq composite dropped 107 points, or 1.8 percent, to 5,793. Small-company stocks …

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Stocks tumble as banks, industrials take broad losses

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In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Technology companies are leading stocks slightly higher in early trading on Wall Street, Tuesday, March 21, 2017. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — U.S. stocks are on track for their biggest loss this year as banks tumble and industrial companies such as transportation stocks take large losses. Small-company stocks are falling more than the rest of the market. KEEPING SCORE: The Standard & Poor’s 500 index tumbled 24 points, or 1 percent, to 2,349 as of 1:37 p.m. Eastern time. It hasn’t taken a loss that large since October…. Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers …

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Only an End to Global Warming Can Save the Great Barrier Reef

In Events, Finance, Government, Science & Nature by Wired NewsLeave a Comment

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This story originally appeared on the Guardian and is part of the Climate Desk collaboration. The survival of the Great Barrier Reef hinges on urgent moves to cut global warming because nothing else will protect coral from the coming cycle of mass bleaching events, new research has found. The study of three mass bleaching events on Australian reefs in 1998, 2002 and 2016 found coral was damaged by underwater heatwaves regardless of any local improvements to water quality or fishing controls. The research, authored by 46 scientists and published in Nature, raises serious questions about Australia’s long-term conservation plan for its famous reef, which invests heavily in lifting water quality but is silent on climate-change action. The researchers said the findings of their paper, …

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Slight losses for US stocks in early trading Tuesday

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US stocks are posting modest declines in early trading Tuesday, but Apple led technology companies higher after announcing an update to its iPad. Health care companies rose, but packaged food companies and airlines skidded. KEEPING SCORE: The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to 2,370 as of 10:15 a.m. Eastern time. The Dow Jones industrial average fell 13 points, or 0.1 percent, to 20,892. The Nasdaq composite slipped 6 points, or 0.1 percent, to 5,895. The Russell 2000 index of small-company stocks lost 7 points, or 0.6 percent, to 1,376. More stocks fell than rose on the New York Stock Exchange. TECH CLIMBING: Several big technology stocks were rising. Apple added $1.08 to $142.54 after …

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Dominion Diamond and Nektar climb; Wells Fargo dips

In Business, Finance by Newsday Technology NewsLeave a Comment

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(AP) — Stocks that moved substantially or traded heavily Monday: Wells Fargo & Co., down $1.04 to $57.63 The bank reported numbers from February that indicated its sales practices scandal is still taking a toll on its business. Dominion Diamond Corp., up $2.28 to $12.20 Washington Cos. offered to buy the diamond mining company for $13.50 a share, or about $1.1 billion. Nektar… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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US stock indexes dip for a third day as banks stumble

In Business, Finance, Government by Newsday Technology NewsLeave a Comment

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Trader Edward Curran works on the floor of the New York Stock Exchange, Monday, March 20, 2017. U.S. stocks are opening slightly lower, led by losses in banks after Britain announced it will formally trigger the process of leaving the European Union. (AP Photo/Richard Drew) (Credit: AP) (AP) — After an early-afternoon slump, U.S. stocks finished mostly lower Monday in a quiet day of trading. Banks fell along with bond yields as stocks declined for a third straight day. Lower bond yields hurt banks because they force interest rates down on mortgages and other kinds of loans. Utility companies gave up some of their recent gains. Most sectors didn’t move much on the… Content Preview This content is exclusive for …

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US indexes end slightly lower Monday

In Business, Emerging Technology, Finance, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are ending mostly lower on Wall Street, led by declines in banks. Bond yields fell Monday, which can hurt profits at banks by pushing interest rates on loans lower. Wells Fargo lost 1.8 percent Monday and Bank of America dropped 1.7 percent. Other sectors ended mixed. Makers of basic materials and consumer goods rose, but health care and phone companies fell. The Standard & Poor’s 500 index lost 4 points, or 0.2 percent, to end at 2,373. The Dow Jones industrial average slipped 8 points, less than 0.1 percent, to 20,905. The Nasdaq composite edged up a fraction to 5,901. Trading was relatively light. Bond prices rose. The yield on the 10-year Treasury note fell to 2.47 percent. Share …

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US stocks drift in midday trade; tech gains while banks fall

In Business, Emerging Technology, Finance, Government, Legal by Long Island Business NewsLeave a Comment

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Major U.S. indexes are little changed Monday as technology and basic materials companies rise but energy and bank stocks fall. Stocks in Europe fell after the British government said it will formally begin the process of leaving the European Union next week. KEEPING SCORE: The Standard & Poor’s 500 index lost 1 point to 2,337 as of noon Eastern time. The Dow Jones industrial average rose 28 points, or 0.1 percent, to 20,943. The Nasdaq composite added 6 points, or 0.1 percent, to 5,906. Small-company stocks fell. The Russell 2000 was down 7 points, or 0.5 percent, to 1,384. More stocks fell than rose on the New York Stock Exchange. BRITAIN MUST BE GOING: Britain’s government said it will trigger …

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Banks, energy companies take stocks lower Monday

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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U.S. stocks are opening slightly lower, led by losses in banks after Britain announced it will formally trigger the process of leaving the European Union on March 29. Britain’s departure from the EU will start a long negotiation with uncertain effects for banks and other companies. It is expected to become official in early 2019. Major indexes in Europe are also lower Monday. Energy companies are falling as the price of U.S. crude slips about 1 percent. Drilling rig operator Transocean slid 3.8 percent. The Standard & Poor’s 500 index lost 3 points, or 0.1 percent, to 2,374. The Dow Jones industrial average sank 5 points to 20,909. The Nasdaq composite dipped 4 points, or 0.1 percent, to 5,896. Share …

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Bacteria Are Brewing Up the Next Generation of Antivenoms

In Education, Events, Finance, Healthcare, Science & Nature, Start Up by Wired NewsLeave a Comment

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Daniel Dempsey was a grad student stationed in the jungles of Monteverde, Costa Rica when he first encountered the danger of a snakebite. The biologist was walking through the forest one day, catching bats to study them for malaria, when he almost stepped on the black, arrow-shaped head of an enormous pit viper—a fer-de-lance. That night as he described his encounter to the local family he was staying with, they began to tear up. They told him that earlier that year a “terciopelo,” what Costa Ricans call their country’s deadliest snake, had bitten the family’s five year-old niece. The hospital, a few hours drive away, didn’t have any antivenom in their stocks. She didn’t make it. It was Dempsey’s memory of …

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Global stocks down after G20 drops anti-protectionism pledge

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(AP) — Global stocks were lower Monday after finance ministers from major economies dropped a pledge to oppose trade protectionism from a weekend statement due to resistance by the Trump administration. KEEPING SCORE: In early trading, France’s CAC-40 lost 0.3 percent to 5,016.04 and London’s FTSE 100 shed 0.2 percent to 7,410.84. Germany’s DAX retreated 0.2 percent to 12,069.85. On Friday,… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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US stocks hold steady Friday, on pace for another winning week

In Business, Emerging Technology, Energy, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stock indexes held steady on Friday, making only modest moves for the second straight day. Gains for dividend-paying stocks offset drops for banks and health care stocks. The Standard & Poor’s 500 index is on track to deliver its seventh week of gains in the last eight, following a big rally earlier in the week sparked by the Federal Reserve’s announcement on interest rates. KEEPING SCORE: The S&P 500 rose 2 points to 2,383, as of 2 p.m. Eastern time, after bouncing between small gains and losses through the day. The Dow Jones industrial average added 20 points, or 0.1 percent, to 20,955. The Nasdaq composite rose 7 points, or 0.1 percent, to 5,907. Slightly more stocks rose than …

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US stocks mixed Friday, still on pace for another winning week

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stocks were mixed in early trading Friday, and indexes made only small moves for the second straight day. Gains for dividend-paying stocks helped to balance out losses for banks and health care stocks. The Standard & Poor’s 500 index is still on track to deliver its seventh week of gains in the last eight, following a big rally earlier in the week sparked by the Federal Reserve’s announcement on interest rates. KEEPING SCORE: The S&P 500 was virtually flat at 2,381, as of 10:30 a.m. Eastern time. The Dow Jones industrial average rose 8 points, or less than 0.1 percent, to 20,942. The Nasdaq composite was close to flat at 5,890. Three stocks rose for every two that fell …

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US stocks mixed, still on pace for yet another winning week

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stocks were mixed in early trading Friday, and indexes made only small moves for the second straight day. The Standard & Poor’s 500 index is still on track to deliver its seventh week of gains in the last eight, following a big rally earlier in the week sparked by the Federal Reserve’s announcement on interest rates. KEEPING SCORE: The S&P 500 was virtually flat at 2,382, as of 10 a.m. Eastern time. The Dow Jones industrial average rose 9 points, or less than 0.1 percent, to 20,943. The Nasdaq composite was close to flat at 5,890. Slightly more stocks rose than fell on the New York Stock Exchange. YIELDS: Treasury yields dipped, dropping once again after the Fed on …

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US indexes waver to mixed close

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Stocks ended up little changed on Wall Street after an early morning rally faded away. Health care stocks fell Thursday. Biotechnology drugmaker Biogen gave up 4.7 percent after two analysts downgraded their ratings on the company. Amgen lost 1.3 percent. Technology companies rose. Business software company Oracle surged 6 percent after reporting better earnings than analysts expected. High-end coat maker Canada Goose jumped 26 percent on its first day of trading in the U.S. The Standard & Poor’s 500 index slipped 3 points, or 0.2 percent, to 2,381. The Dow Jones industrial average fell 15 points, or 0.1 percent, to 20,934. The Nasdaq edged up a fraction to 5,900. More stocks rose than fell on the New York Stock Exchange. …

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US stock indexes hold steady while overseas markets rally

In Business, Emerging Technology, Finance, Government, Legal by Long Island Business NewsLeave a Comment

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U.S. stock indexes held steady Thursday, while bond yields recovered some of their sharp losses from the prior day. Stock markets around the world rallied. KEEPING SCORE: The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to 2,383 as of 10:40 a.m. Eastern time. The Dow Jones industrial average slipped 3 points, or less than 0.1 percent, to 20,947. The Nasdaq composite was little changed at 5,900. Nearly as many stocks fell on the New York Stock Exchange as rose. EUROPEAN OPTIMISM: Stock markets across the Atlantic had bigger gains, with the French CAC 40 up 0.5 percent and Germany’s DAX up 0.5 percent. The U.K. FTSE 100 up 0.6 percent. Investors had been nervous about Wednesday’s …

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US stocks edge higher in early trade Thursday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Stocks are opening modestly higher on Wall Street with the biggest gains going to banks and technology companies. Oracle jumped 8 percent early Thursday after reporting better earnings and revenue than analysts expected as its cloud computing business put up solid gains. Wearable camera maker GoPro soared 11 percent after sticking by its sales forecast and saying it will cut more jobs. The Standard & Poor’s 500 index rose 1 point to 2,386. The Dow Jones industrial average gained 30 points, or 0.2 percent, to 20,979. The Nasdaq rose 5 points, or 0.1 percent, to 5,905. Three stocks rose for every two that fell on the New York Stock Exchange. Share this:

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Global stocks gain, US dollar weaker after Fed hike

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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, in Seoul, South Korea, Thursday, March 16, 2017. Asian stocks rose Thursday following a U.S. rate hike and a Eurosceptic party’s defeat in Dutch elections. (AP Photo/Lee Jin-man) (Credit: AP) (AP) — Global stocks rose Thursday following a U.S. rate hike and a Eurosceptic party’s defeat in Dutch elections. KEEPING SCORE: In early trading, Germany’s DAX jumped 1.1 percent to 12,147.64 and France’s CAC-40 rose 0.8 percent to 5,028.16. London’s FTSE 100 gained 0.6 percent to 7,410.92. On Wall Street, the future for the Dow Jones industrial average rose 0.3 percent and that for the… …

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Stocks gain Tuesday after Fed nudges rates higher

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Stocks are closing with solid gains after the Federal Reserve nudged interest rates higher and signaled that any further increases this year will be gradual. Bond prices rose, pushing yields lower. The lower bond yields sent high-dividend stocks like utilities and real estate investment trusts higher. Financial stocks fell. Capital One Financial lost 2 percent. Small-company stocks rose more than the rest of the market. The Standard & Poor’s 500 index rose 19 points, or 0.8 percent, to 2,385. It started the day higher, and its gains accelerated after the Fed’s announcement. The Dow Jones industrial average gained 112 points, or 0.5 percent, to 20,949. The Nasdaq rose 43 points, or 0.7 percent, to 5,900. Seven stocks rose for every …

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Ahead of Fed, stocks climb, led by gains in energy companies

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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A turnaround in oil and other commodity prices helped lift U.S. stock indexes to modest gains Wednesday, ahead of a highly anticipated decision on interest rates by the Federal Reserve. KEEPING SCORE: The Standard & Poor’s 500 index rose 6 points, or 0.3 percent, to 2,372 as of 11 a.m. Eastern time. The Dow Jones industrial average gained 36 points, or 0.2 percent, to 20,874. The Nasdaq composite picked up 6 points, or 0.1 percent, to 5,863. The Russell 2000 index of small-company stocks gained 11 points, or 0.8 percent, to 1,373. WAITING ON THE FED: Trading has mostly been quiet recently as investors wait to see what the Federal Reserve does and hear its views on how the economy …

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The Cool Kids Behind Opening Ceremony

In Business, Education, Events, Finance, Gaming, Government, Healthcare, Legal, Science & Nature, Start Up by New YorkerLeave a Comment

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To show its spring, 2017, line, Opening Ceremony collaborated with the choreographer Justin Peck on a ballet called “The Times Are Racing,” which was performed at Lincoln Center.CreditPhotograph by Pari Dukovic for The New Yorker High-end fashion tends to be the terrain of jaded, snobby insiders—the megalomaniacal couturier, the high-handed boutique clerk, the intern with a ten-thousand-dollar handbag. It’s a type that finds its origin in many a high-school cafeteria: the mean girl (boys may also apply). For instance, when New York City fire marshals removed some chairs from the front row of a Zac Posen runway show several years ago, the ensuing scuffle provoked one guest to slap a publicist in the face, leading to a million-dollar lawsuit for …

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Another drop for oil prices pulls stock indexes lower

In Business, Emerging Technology, Finance, Government, Healthcare, Legal, Science & Nature by Long Island Business NewsLeave a Comment

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Stock indexes pulled back modestly Tuesday as investors wait to hear from the Federal Reserve, which is beginning a two-day policy meeting on interest rates. Another drop in the price of oil pulled energy stocks to some of the biggest losses in the market. Stocks of smaller companies also took big hits. KEEPING SCORE: The Standard & Poor’s 500 index fell 12 points, or 0.5 percent, to 2,361 as of 12:39 p.m. Eastern time. The Dow Jones industrial average fell 61 points, or 0.3 percent, to 20,821. The Nasdaq composite fell 35 points, or 0.6 percent, to 5,841. Three stocks fell on the New York Stock Exchange for every one that rose. ENERGY SLUMP: Energy stocks in the S&P 500 …

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Energy stocks lead Wall Street lower Tuesday

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Energy stocks are leading an early decline on Wall Street as the price of oil takes another turn lower. Marathon Oil slumped 3.9 percent in early trading Tuesday. Murphy Oil dropped 3 percent. Streaming music company Pandora Media slumped 3.5 percent after the company announced it will launch an on-demand music service to compete with Apple Music and Spotify. The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,365. The Dow Jones industrial average lost 36 points, or 0.2 percent, to 20,846. The Nasdaq composite fell 21 points, or 0.4 percent, to 5,854. More stocks fell than rose on the New York Stock Exchange. Bond prices rose. The yield on the 10-year Treasury note fell to …

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Global stocks drift as investors await Fed meeting

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A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Tuesday, March 14, 2017. Asian stock markets drifted in slow trading on Tuesday as investors awaited the outcome of the Federal Reserve’s meeting and a batch of economic and political events later this week. (AP Photo/Eugene Hoshiko) (Credit: AP) SEOUL, South Korea – (AP) — Global stock markets drifted in slow trading on Tuesday as investors awaited the outcome of the Federal Reserve’s meeting, and a batch of economic and political events later this week. KEEPING SCORE: Britain’s FTSE 100 added 0.1 percent to 7,373.68 while France’s CAC 40 fell 0.3 percent to 4,984.99. Germany’s DAX lost 0.1 percent to 11,973.58. …

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Stocks end mixed on Wall Street Monday

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Stocks are ending mixed on Wall Street in subdued trading ahead of this week’s meeting of Federal Reserve policymakers. Modest gains in materials companies and utilities Monday were offset by declines in health care and consumer goods stocks. Copper miner Freeport-McMoRan rose 1.6 percent, while Merck fell 1.5 percent. Mobileye jumped 28 percent after the Israeli technology company agreed to be acquired by Intel. The Standard & Poor’s 500 index closed up a fraction at 2,373. The Dow Jones industrial average slipped 21 points, or 0.1 percent, to 20,881. The Nasdaq composite rose 14 points, or 0.2 percent, to 5,875. More stocks rose than fell on the New York Stock Exchange. Bond prices fell. The yield on the 10-year Treasury …

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Stock indexes mixed Monday ahead of a jam-packed week

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U.S. stock indexes were mixed in Monday morning trading, ahead of a busy week full of events that could swing markets. The Federal Reserve may raise interest rates, more countries around the world may move to shake up the economic status quo and several high-profile updates on the U.S. economy are scheduled for this week. KEEPING SCORE: The Standard & Poor’s 500 index dipped 2 points, or 0.1 percent, to 2,370 as of 10:45 a.m. Eastern time. The Dow Jones industrial average fell 41 points, or 0.2 percent, to 20,862. The Nasdaq rose 7 points, or 0.1 percent to 5,869. More stocks rose than fell on the New York Stock Exchange. FED FOCUS: Most investors expect the Federal Reserve to …

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US stocks listless ahead of a jam-packed week

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U.S. stock indexes stuck close to their record levels in early trading Monday, ahead of a busy week full of events that could swing markets. The Federal Reserve may raise interest rates, more countries around the world may move to shake up the economic status quo and several high-profile updates on the U.S. economy are scheduled for this week. KEEPING SCORE: The Standard & Poor’s 500 index was virtually flat at 2,372 as of 9:52 a.m. Eastern time. The Dow Jones industrial average fell 15 points, or 0.1 percent, to 20,887. The Nasdaq rose 4 points, or 0.1 percent to 5,865. Slightly more stocks rose on the New York Stock Exchange than fell. FED FOCUS: Most investors expect the Federal …

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In the Future, We’ll All Wear Spider Silk

In Business, Education, Emerging Technology, Finance, Government, Healthcare, Legal, Science & Nature, Security, Start Up by New YorkerLeave a Comment

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After centuries of failed attempts, one of nature’s strongest and stretchiest materials is finally within reach.CreditPHOTOGRAPH COURTESY BOLT THREADS In 1709, François Xavier Bon de Saint Hilaire, the president of the Court of Accounts, Aides, and Finances in Montpellier, France, presented the Sun King, Louis XIV, with a pair of silvery spider-silk stockings, woven from hundreds of painstakingly collected egg sacs. “The only difficulty now lies in procuring a sufficient quantity of Spiders Bags to make any considerable work of it,” Bon wrote in a letter to Britain’s Royal Society the following year. More than three centuries later, that not-so-inconsiderable difficulty has been overcome, and non-royals will, for the first time, have the opportunity to purchase their very own spider-silk …

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Google DeepMind’s Untrendy Play to Make the Blockchain Actually Useful

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For Silicon Valley, the headline was sweet nectar: Google DeepMind, the world’s hottest artificial intelligence lab, embraces the blockchain, the endlessly fascinating idea at the heart of the bitcoin digital currency. But the buzzwords bely the reality. The lab’s re-imagining of the blockchain has very little to do with AI—or the blockchain, for that matter. If you want AI crossed with the blockchain, try wrapping your head around Numerai, the world’s strangest hedge fund. To DeepMind’s credit, its new project depends less on trendy ideas than an apparent desire to solve a real problem in the real world—one that involves the most private and personal information. DeepMind is building an auditing system for healthcare data. That may not sound sexy, …

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New York City Bodegas And The Generations Who Love Them

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/ Go to Source Article Enlarge this image Abdul Sulaimani’s family has owned Yafa Newsstand & Deli, a bodega in Brooklyn, N.Y., for more than two decades. Hansi Lo Wang/NPR hide caption toggle caption Hansi Lo Wang/NPR In New York City, there’s a place on almost every block where you can buy a bag of chips or a lottery ticket. Elsewhere, it’s called a corner store. But in the Big Apple, it’s known as a bodega. In Spanish, bodega can mean “storeroom” or “wine cellar.” New Yorkers like Miriam Gomez, though, know bodegas as neighborhood institutions you can count on at just about any hour of the day or night. “Where supermarkets are closed, the bodegas are open,” she says …

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'It Has To Have A Soul': How Chatbots Get Their Personalities

In Business, Finance, Gaming, Government, Science & Nature, Start Up by National Public RadioLeave a Comment

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/ Go to Source Article Enlarge this image These days, talking to a bot is commonplace. Think Siri, or your chatty banking app. But you wouldn’t talk to your toaster like you talk to a friend — unless your toaster had a great sense of humor. RYGERSZEM/Getty Images/iStockphoto hide caption toggle caption RYGERSZEM/Getty Images/iStockphoto In the year 2000, logging onto the Internet usually meant sitting down at a monitor connected to a dial-up modem, a bunch of beeps and clicks, and a “You’ve got mail!” notification. In those days, AOL Instant Messenger was the Internet’s favorite pastime, and the king of AIM was SmarterChild, a chatbot that lived in your buddy list. A chatbot is a computer program designed to …

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Stocks end mixed on bull’s birthday

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/ Go to Source Article The eighth birthday of the current bull market ended on Wall Street without much of a celebration. Stock indexes ended barely changed Thursday, eight years to the day since the market bottomed out in the depths of the financial crisis. Industrial companies fell as heavy machinery maker Caterpillar continued to slide. Real estate companies also slid. Health care companies rose and banks gained along with bond yields. Wells Fargo rose almost 1 percent. The Standard & Poor’s 500 index edged up 1 point to 2,364. The Dow Jones industrial average was little changed at 20,858. The Nasdaq composite edged up a point to 5,838. Bond prices fell. The yield on the 10-year Treasury note rose …

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On the bull market's 8th birthday, 8 facts to consider

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/ Go to Source Article FILE – In this Wednesday, Jan. 25, 2017, file photo, people pose with “Charging Bull,” a bronze sculpture by Arturo Di Modica, in New York’s Financial District. On March 9, 2017, one of the greatest runs for the stock market in history is marking its eighth anniversary, and this time investors are joining the party. They’re putting more dollars into mutual funds and exchange-traded funds that invest in U.S. stocks, a turnaround from earlier years, even though critics see a long list of reasons for caution. (AP Photo/Richard Drew, File) (Credit: AP) Financial markets were in a pretty dark place on March 9, 2009. The U.S. financial system had been shaken to its core by …

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Stocks edge lower, led by declines in energy companies

In Business, Emerging Technology, Energy, Events, Finance, Government, Science & Nature by Long Island Business NewsLeave a Comment

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/ Go to Source Article U.S. stock indexes are edging lower in afternoon trading Thursday as energy companies fall with the price of oil. Banks are higher as bond yields climb. Stocks have fallen for the last three days. Thursday marks the eighth anniversary of the current bull market. KEEPING SCORE: The Standard & Poor’s 500 index fell a fraction to 2,362 as of 1:40 p.m. Eastern time. The Dow Jones industrial average lost 22 points, or 0.1 percent, to 20,833. The Nasdaq composite was little changed at 5,835. The S&P 500 is up about 250 percent since March 9, 2009, when it bottomed out in the depths of the financial crisis. The current bull run is the second-longest since …

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Stocks little changed on Wall Street early Thursday

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/ Go to Source Article Stocks indexes are little changed in early trading on Wall Street as losses in energy and technology companies outweigh gains in other sectors such as banks. Oil companies were falling along with the price of crude oil Thursday. Halliburton fell 2.3 percent and rig operator Transocean lost 1.6 percent. The price of crude oil fell another 1 percent to just under $50, its lowest price since last November. Banks were mostly higher as bond yields rose. Citigroup rose 0.7 percent. The Standard & Poor’s 500 index rose 1 point to 2,364. The Dow Jones industrial average edged up 4 points to 20,861. The Nasdaq was little changed at 5,837. The yield on the 10-year Treasury …

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Global stocks weighed down by crude oil slump

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/ Go to Source Article A man looks at an electronic stock board of a securities firm in Tokyo, Thursday, March 9, 2017. Asian stock markets were mostly lower Thursday after news of a big buildup in U.S. oil stockpiles depressed crude prices and shares of energy companies. (AP Photo/Eugene Hoshiko) (Credit: AP) (AP) — Global stocks were weighed down Thursday by a big buildup in U.S. oil stockpiles that depressed crude prices and shares of energy companies in particular. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.8 percent at 7,275 while Germany’s DAX fell 0.3 percent to 4,946. The CAC 40 in France was 0.3 percent lower at 4,946. U.S. stocks were …

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How Long Will the Trump Bull Market Last?

In Business, Finance, Government, Mobile Technology by New YorkerLeave a Comment

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/ Go to Source Article Historical precedent says that the current bull market can’t last forever, but what might cause it to fall?CreditPHOTOGRAPH BY BRYAN R. SMITH / AFP / GETTY Thursday marks eight years since the low point of the last bear market on Wall Street. On March 9, 2009, the Dow Jones Industrial Average closed at 6,547.05. Since then, it has more than tripled. If you’d invested twenty thousand dollars in the Dow index eight years ago, it would now be worth about sixty-four thousand dollars. The vast majority of the market’s gains came while Barack Obama was President, but since Donald Trump was elected the Dow has tacked on more than twenty-five hundred points, or about twelve per …

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Slump in energy stocks pulls market lower Wednesday

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/ Go to Source Article Energy companies pulled stocks mostly lower on Wall Street as the price of oil slumped. U.S. benchmark crude dropped 5 percent Wednesday to its lowest price since November after the government reported a big buildup in fuel stockpiles. Oil companies posted the biggest declines in the market. Marathon Oil dropped 8.7 percent and Murphy Oil dropped 6.7 percent. Bond prices fell, pushing yields higher, after a survey showed that private employers added the most jobs in three years in February. The Standard & Poor’s 500 index fell 5 points, or 0.2 percent, to 2,362. The Dow Jones industrial average fell 69 points, or 0.3 percent, to 20,855. The Nasdaq composite rose 3 points, or 0.1 …

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US stocks mostly dip despite strong private hiring report

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/ Go to Source Article U.S. stocks are mostly lower Wednesday as investors bet on economic growth and sell high-dividend stocks like utility companies and real estate investment trusts. A survey of private business payrolls showed employers added the most jobs in three years in February, and banks are moving up as bond yields and interest rates rise. KEEPING SCORE: The Standard & Poor’s 500 index lost 1 point, or 0.1 percent, to 2,367 as of 11:53 a.m. Eastern time. The Dow Jones industrial average lost 27 points, or 0.1 percent, to 20,897. The Nasdaq composite jumped rose 8 points, or 0.1 percent, to 5,842 as health care and technology companies rose. The Russell 2000 index of smaller-company stocks fell …

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Stocks off to a mixed start Wednesday

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/ Go to Source Article Stocks are off to a mixed start on Wall Street as losses in utilities and other dividend stocks outweigh gains in banks. Citigroup rose 3.3 percent in early trading Wednesday, while JPMorgan Chase gained 1.4 percent. Investors bid up bank shares as bond yields rose. The yield on the 10-year Treasury note rose to 2.57 percent. In earnings news, H&R Block rose 15 percent after posting strong results that indicated a good start to its tax season business. The Standard & Poor’s 500 index rose less than a point to 2,369. The Dow Jones industrial average edged up 5 points to 20,930. The Nasdaq composite rose 8 points, or 0.1 percent, to 5,841. Share this:

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Global stocks waver after Wall Street losses

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/ Go to Source Article Men walk by an electronic stock board of a securities firm in Tokyo, Wednesday, March 8, 2017. Asian stocks declined Wednesday after Wall Street retreated for a second day following President Donald Trump’s comments about reducing drug prices. (AP Photo/Eugene Hoshiko) (Credit: AP) (AP) — Global stock markets traded on a soft note Wednesday after Wall Street fell for a second day following U.S. President Donald Trump’s comments about reducing drug prices. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.2 percent at 7,325 while the CAC 40 in France was flat at 4,953. Germany’s DAX was up 0.1 percent at 11,976. Wall Street was poised… Content Preview This …

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Snap’s stock tumbles as short sellers bet on further declines

In Business, Finance, Government, Mobile Technology, Science & Nature by Venture BeatLeave a Comment

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/ Go to Source Article (Reuters) – Snap’s shares tumbled 12 percent on Tuesday and traders raced to position themselves to cash in on further declines after analysts gave the company a lukewarm reception following its red-hot market debut. Snap’s $3.4 billion public listing on Thursday was the hottest technology offering in three years, but its lofty valuation and slowing user growth have raised eyebrows on Wall Street and attracted traders who expect its shares to fall. Opening up the potential for more volatility, the company’s underwriters have exercised an over-allotment option to buy an additional 30 million shares, bringing the total IPO to 230 million shares, according to two capital markets sources familiar with the deal. That means Snap’s …

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US indexes end broadly lower Tuesday

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/ Go to Source Article Stocks are closing broadly lower on Wall Street, led by declines in energy and phone stocks. Drugmaker stocks also fell Tuesday after President Donald Trump said he was working on a new system to bring drug prices lower. Mallinckrodt lost 3 percent and Perrigo fell 1.8 percent and. Alexion Pharmaceuticals fell 3.1 percent. Several hospital operators also fell sharply after Republicans announced a health care proposal to replace the Affordable Care Act. Tenet Healthcare slumped 7.1 percent. It was the third loss in four days for U.S. stocks. The Standard & Poor’s 500 index fell 6 points, or 0.3 percent, to 2,368. The Dow Jones industrial average lost 29 points, or 0.1 percent, to 20,924. …

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Stocks slide as drugmakers fall on price worries

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/ Go to Source Article Traders work on the floor of the New York Stock Exchange, Tuesday, March 7, 2017. Stocks are opening broadly lower on Wall Street, led by declines in health care stocks and banks. (AP Photo/Richard Drew) (Credit: AP) (AP) — U.S. stock indexes are lower Tuesday as Drugmakers fall after President Donald Trump said he wants to bring drug prices down. Technology companies are making small gains. Stock indexes are continuing to slip further away from the record highs they set last week. KEEPING SCORE: The Standard & Poor’s 500 index lost 5 points, or 0.2 percent, to 2,370 as of 2:20 p.m. Eastern time. The… Content Preview This content is exclusive for Optimum, Time Warner® …

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Drugmakers fall as investors see pricing threat from Trump

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/ Go to Source Article (AP) — Up went the tweet, and down went drug company stocks. Just before the stock market opened on Tuesday, President Donald Trump said he is working on “a new system” to reduce prices. He also said he’ll bring “competition” to the drug industry. It’s not the first time comments from Trump have had a big effect on pharmaceutical stocks: he hasn’t gotten into specifics and investors aren’t… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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Stocks slide Tuesday as drugmakers fall on price worries

In Business, Emerging Technology, Energy, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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/ Go to Source Article U.S. stock indexes are mostly lower Tuesday. Drugmakers are falling after President Donald Trump said he wants to bring drug prices down, while health insurers are edging higher after Republicans in Congress introduced a bill intended to replace the 2010 Affordable Care Act. Technology companies are making small gains. KEEPING SCORE: The Standard & Poor’s 500 index lost 5 points, or 0.2 percent, to 2,369 as of 11:55 a.m. Eastern time. The Dow Jones industrial average lost 25 points, or 0.1 percent, to 20,928. The Nasdaq composite sagged 6 points, or 0.1 percent, to 5,843. Two stocks fell for every one that rose on the New York Stock Exchange. Stocks have declined a bit after …

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US stocks open broadly lower Tuesday

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/ Go to Source Article Stocks are opening broadly lower on Wall Street, led by declines in health care stocks and banks. Drugmaker stocks were among the early decliners Tuesday. Eli Lilly fell 2.3 percent and Alexion Pharmaceuticals lost 2 percent. The declines came after Republicans announced a health care proposal to replace the Affordable Care Act. President Donald Trump says he wants to bring drug prices lower and repeated that position in a tweet Tuesday morning. The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,368. The Dow Jones industrial average lost 40 points, or 0.2 percent, to 20,913. The Nasdaq composite declined 18 points, or 0.3 percent, to 5,831. Share this:

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European shares mixed as German factory data disappoint

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/ Go to Source Article In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening lower on Wall Street, Monday, March 6, 2017, led by declines in materials companies and banks. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — Shares wavered in Europe early Tuesday on disappointing manufacturing data from Germany. But benchmarks in Asia were mostly higher after China’s finance minister said he was confident the government could handle the country’s rising levels of debt. KEEPING SCORE: Germany’s DAX edged 0.1 percent lower to 11,950.57 and the CAC 40 in France slipped 0.3 percent to 4,960.16. Britain’s… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers …

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Three DC drama-proof stocks

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/ Go to Source Article Barry James, James Advantage Funds CEO, shares advice for investors in the current market environment.

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Tyson and Deutsche Bank slide; Southwestern Energy jumps

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/ Go to Source Article (AP) — Stocks that moved substantially or traded heavily Monday: Tyson Foods Inc., down $1.61 to $61.99 Tens of thousands of chickens were destroyed at a Tyson supplier’s farm because of a bird flu outbreak. Southwestern Energy Co., up 23 cents to $7.94 Natural gas companies climbed as the price of the fuel increased. Deutsche Bank AG, down 74 cents to $18.61 The… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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Losses for banks pull US stocks further from record highs

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/ Go to Source Article In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening lower on Wall Street, Monday, March 6, 2017, led by declines in materials companies and banks. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — U.S. stocks finished lower Monday for the second time in the last three trading days. Banks gave back some of their recent gains after a jump in interest rates last week sent them sharply higher. Mining and chemical companies declined after China cut its economic growth forecast, and airlines slumped after a Delta said its business isn’t improving as fast as it hoped. There were few… Content Preview This content is exclusive …

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How major US stock market indexes fared on Monday

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/ Go to Source Article U.S. stocks finished with small losses Monday for the second time in the last three trading days. Banks gave back some of their recent gains after a jump in interest rates last week sent them sharply higher. On Monday: The Standard & Poor’s 500 index declined 7.81 points, or 0.3 percent, to 2,375.31. The Dow Jones industrial average gave up 51.37 points, or 0.2 percent, to 20,954.34. The… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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Stocks end lower on Wall Street Monday

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/ Go to Source Article Stocks are ending broadly lower on Wall Street, and banks and materials companies are taking some of the biggest losses. Banks on Monday gave back some of the ground they gained last week, and mining companies fell after China trimmed its economic growth forecast. Citigroup lost 1.2 percent and Freeport-McMoRan slumped 2.3 percent. Tyson Foods fell 2.5 percent after avian flu was discovered at a supplier’s farm. The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,375. The Dow Jones industrial average lost 51 points, or 0.2 percent, to 20,954. The Nasdaq composite declined 21 points, or 0.4 percent, to 5,849. The Russell 2000, which tracks smaller companies, lost 9 points, …

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Zeldin: Reinvigorating fishing means cutting needless regulations

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/ Go to Source Article One of my best memories of growing up on Long Island is fishing in our local waterways with family and friends. It’s an industry, but it’s also a way of life and pastime that is part of our history, culture, and overall greatness as an island. For hundreds of years, the waters which surround us and the bounties within it are natural treasures which we can never take for granted. It is a shame that regulations are obstructing fishermen who want to responsibly harvest this great resource. Between New York State’s maritime boundary, which ends three miles off of Montauk Point, and Rhode Island state waters, which begin three miles off of Block Island, there …

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US stocks slip further from record highs as banks decline

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/ Go to Source Article U.S. stocks are falling for the second time in three day as banks return some of their recent gains. They surged last week as interest rates quickly rose. Mining and basic materials companies are down after China cut its economic growth forecast. Meat producer Tyson Foods is falling after avian flu was discovered at a supplier’s farm. KEEPING SCORE: The Standard & Poor’s 500 index fell 13 points, or 0.6 percent, to 2,369 as of 11:45 a.m. Eastern time. The Dow Jones industrial average lost 83 points, or 0.4 percent, to 20,922. The Nasdaq composite lost 38 points, or 0.7 percent, to 5,832. The Russell 2000 index of smaller-company stocks sank 15 points, or 1.1 …

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Stocks open lower on Wall Street Monday

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/ Go to Source Article Stocks are opening lower on Wall Street, led by declines in materials companies and banks. U.S.-listed shares of Deutsche Bank fell 2.3 percent early Monday after the big German bank said it plans to raise at least $8.5 billion in capital and sell a stake in its asset management businesses. Mining companies were taking losses after China trimmed its economic growth forecast. Freeport-McMoRan slumped 4.8 percent as the price of copper fell. The Standard & Poor’s 500 index fell 11 points, or 0.5 percent, to 2,371. The Dow Jones industrial average lost 70 points, or 0.2 percent, to 20,934. The Nasdaq composite declined 29 points, or 0.5 percent, to 5,841. Share this:

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Will Snap Inc. continue to rise?

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/ Go to Source Article FBN’s Charles Payne on Snap Inc. and the history of technology stocks.

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The Soaring Stock Market And Your Nest Egg

In Business, Finance, Government by National Public RadioLeave a Comment

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/ Go to Source Article Enlarge this image Trader Richard Cohen wears a “Dow 21,000” cap as he works on the floor of the New York Stock Exchange on Wednesday. Richard Drew/AP hide caption toggle caption Richard Drew/AP The stock market’s been charging higher lately. After the Dow Jones industrial average topped 20,000 for the first time in history in January, it kept surging to close above 21,000 earlier this week. So what’s going on with the stock market and what does it mean for your retirement account? Rasheed Irani works for a helicopter manufacturer in Torrance, Calif., and like many everyday Americans, he’s been paying more attention to the stock market lately. “I was speaking with my wife and …

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US stock indexes edge lower in morning trading

In Business, Emerging Technology, Finance, Government, Legal by Long Island Business NewsLeave a Comment

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/ Go to Source Article Real estate companies led U.S. stock indexes lower in morning trading Friday, extending the market’s losses from a day earlier. Energy stocks bucked the trend and rose as oil prices headed higher. Investors were looking ahead to a speech by Federal Reserve Chair Janet Yellen later in the day in hopes of gleaning whether the central bank will raise interest rates again later this month. KEEPING SCORE: The Dow Jones industrial average fell 30 points, or 0.2 percent, to 20,972 as of 11:18 a.m. Eastern Time. The Standard & Poor’s 500 index gave up 4 points, or 0.2 percent, to 2,377. The Nasdaq composite index slid 9 points, or 0.2 percent, to 5,851. LOOKING FOR …

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US stock indexes off to a mixed start Friday

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks are off to a mixed start on Wall Street ahead of a speech by Federal Reserve Chair Janet Yellen later in the day. Investors will be listening for clues Friday on whether the central bank will raise interest rates again later this month. Several companies were moving after reporting their latest quarterly results. Costco slid 3.6 percent after the warehouse club operator reported earnings that missed estimates. Marvell Technology rose 2 percent after the semiconductor maker’s latest earnings and outlook beat estimates. The Standard & Poor’s 500 index slipped a fraction to 2,381. The Dow Jones industrial average gained 27 points, or 0.1 percent, to 21,027. The Nasdaq composite gave up 3 points to …

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Opportunities for investors in financials?

In Business, Finance, Video by Fox Business NewsLeave a Comment

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/ Go to Source Article Cuttone & Company Senior V.P. Keith Bliss on the outlook for stocks.

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China-South Korea relations fray over missile system

In Business, Events, Finance, Video by Al Jazeera EnglishLeave a Comment

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/ Go to Source Article South Korean stocks fell on reports that some Chinese tour operators are joining a boycott and stopping trips to the country. Tensions between Seoul and Beijing have risen over the deployment of a South Korean missile system. Beijing says the system is targeted at China, but Seoul says it is designed to prevent attacks from North Korea. Al Jazeera’s Adrian Brown reports from Beijing. – Subscribe to our channel: http://aje.io/AJSubscribe– Follow us on Twitter: https://twitter.com/AJEnglish– Find us on Facebook: https://www.facebook.com/aljazeera– Check our website: http://www.aljazeera.com/

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US stocks pull back from record highs Thursday

In Business, Emerging Technology, Finance, Mobile Technology by Long Island Business NewsLeave a Comment

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/ Go to Source Article Banks and other financial companies led stocks lower on Wall Street a day after indexes soared to their latest record highs. Citizens Financial slumped 3.9 percent Thursday. Banks had soared a day earlier as investors hoped that higher interest rates would help them earn more from lending. Energy companies fell along with the price of crude oil. Devon Energy lost 2.6 percent. Shake Shack fell 2.6 percent after its sales missed estimates. Snap, which runs the Snapchat messaging app, soared 44 percent in its stock market debut. The Dow Jones industrial average fell 112 points, or 0.5 percent, to 21,002. The Standard & Poor’s 500 index lost 14 points, or 0.6 percent, to 2,381. The …

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US stock indexes head lower in afternoon trading; Oil falls

In Business, Finance by Newsday Technology NewsLeave a Comment

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/ Go to Source Article Traders follow the IPO for Snap Inc. at the New York Stock Exchange, Thursday, March 2, 2017. (AP Photo/Richard Drew) (Credit: AP) Banks and other financial companies led a modest decline in U.S. stocks Thursday afternoon as investors sized up the latest batch of company earnings. The slide came a day after indexes soared to their latest record highs. Industrials and materials stocks were among the biggest decliners. Utilities were up the most. KEEPING SCORE: The Dow Jones industrial average lost 62 points, or 0.3 percent,… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in More on this topic

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US stock indexes mixed in early trading Thursday

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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/ Go to Source Article U.S. stock indexes were mostly lower in early trading Thursday, giving up some of their gains from a day earlier when the market surged to its latest record high. Materials stocks were down the most. Energy companies also fell as crude prices headed lower. Utilities were up the most. Investors were sizing up the latest batch of company earnings. KEEPING SCORE: The Dow Jones industrial average slipped 5 points, less than 0.1 percent, to 21,108 as of 10:18 a.m. Eastern Time. The Standard & Poor’s 500 index fell 6 points, or 0.3 percent, to 2,389. The Nasdaq composite index slid 16 points, or 0.3 percent, to 5,887. The stock market was coming off its biggest …

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World shares waver after latest Wall Street rally

In Business, Finance, Gaming by Newsday Technology NewsLeave a Comment

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/ Go to Source Article A board above the trading floor of the New York Stock Exchange shows the Dow Jones industrial average closing number above 21,000, Wednesday, March 1, 2017. Banks and other financial companies led U.S. stocks sharply higher, pushing the Dow Jones industrial average to close above 21,000 points for the first time. (AP Photo/Richard Drew) (Credit: AP) Updated March 2, 2017 4:32 AMBy The Associated Press   By ELAINE KURTENBACH (AP Business Writer) (AP) — Shares were mostly lower in early European trading on Thursday as the momentum from the latest Wall Street rally faded. Investors had bet big on U.S. stocks overnight, pushing the major indexes to record highs. KEEPING SCORE: Germany’s DAX slipped 0.2 …

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How to buy Snap IPO stock

In Business, Finance, Mobile Technology by Venture BeatLeave a Comment

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/ Go to Source Article It’s the day technology companies and investors have been waiting for: Snap, the parent company of disappearing-photo app Snapchat, has finally priced its stock in the most highly anticipated initial public offering in years. Snap stock will begin trading Thursday at $17 per share on the New York Stock Exchange, under ticker symbol SNAP. The IPO price is above Snap’s expected range of $14 to $16 per share, and values the company at $24 billion. When can investors buy Snap stock? The U.S. stock market opens at 9:30 a.m. on Thursday, and Snap shares are expected to start trading between 11 a.m. and 11:30 a.m. Alibaba, for one—which will continue to hold its title as …

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While Trump Touts Stock Market, Many Americans Left Out Of The Conversation

In Business, Education, Finance, Government by National Public RadioLeave a Comment

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/ Go to Source Article Enlarge this image A campaign sign for President Trump and Vice President Pence hangs on a desk while traders work before the opening bell of the New York Stock Exchange the day after the 2016 election. Michael Nagle/Bloomberg via Getty Images hide caption toggle caption Michael Nagle/Bloomberg via Getty Images President Trump likes to tout the booming stock market as evidence that he is already boosting the economy. He bragged about it in his speech to Congress on Tuesday night, and then got more to point to on Wednesday, when the Dow Jones industrial average closed above 21,000 for the first time. To Trump, this is validation of the business-friendly policies he has pushed thus …

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Markets Soar After Trump Speech

In Business, Events, Finance, Government, Video by Associated PressLeave a Comment

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/ Go to Source Article Banks and other financial companies led U.S. stocks sharply higher in trading Wednesday, pushing the Dow Jones industrial average above 21,000 points for the first time. (March 1) Subscribe for more Breaking News: http://smarturl.it/AssociatedPressGet updates and more Breaking News here: http://smarturl.it/APBreakingNews The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats.AP’s commitment to independent, comprehensive journalism has deep roots. Founded in 1846, AP has covered all the major news events of the past 165 years, providing high-quality, informed reporting of everything from wars and elections to championship games and royal weddings. AP is the largest and most trusted source of …

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US stocks surge; Dow marks first time above 21,000 points

In Business, Finance, Government by Newsday Technology NewsLeave a Comment

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/ Go to Source Article Trader Peter Tuchman wears a “Dow 21,000” hat as he works on the floor of the New York Stock Exchange, Wednesday, March 1, 2017. Stocks opened strongly higher on Wall Street, led by big gains in banks as investors expected interest rates to rise. The early jump Wednesday put the Dow Jones industrial average above 21,000 points for the first time. (AP Photo/Richard Drew) (Credit: AP) Updated March 1, 2017 12:59 PMBy The Associated Press   By ALEX VEIGA (AP Business Writer) Banks and other financial companies led U.S. stocks sharply higher in early afternoon trading Wednesday, pushing the Dow Jones industrial average above 21,000 points for the first time. Energy and materials companies were …

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Stocks rise sharply Wednesday morning, Dow over 21,000

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks opened strongly higher on Wall Street, led by big gains in banks as investors expected interest rates to rise. The early jump Wednesday put the Dow Jones industrial average above 21,000 points for the first time. JPMorgan Chase rose 2.6 percent and Goldman Sachs rose 2.1 percent, the biggest increases in the Dow. Bond prices fell and yields rose after a Federal Reserve official, New York Fed President William Dudley, said the case for raising interest rates had gotten stronger. The Dow rose 195 points, or 1 percent, to 21,016. The Standard & Poor’s 500 index rose 20 points, or 0.9 percent, to 2,384. The Nasdaq composite increased 48 points, or 0.8 percent, to …

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What 4 Voters Want To Hear From President Trump In His Address

In Business, Education, Finance, Government, Healthcare, Legal by National Public RadioLeave a Comment

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/ Go to Source Article Enlarge this image Ray Meyer, Annica Trotter and Brian and Jennifer Barfield all were looking for work in 2011. Six years later, they are in different places and have different opinions on what they hope President Trump will say during Tuesday night’s address. Tamara Keith/NPR hide caption toggle caption Tamara Keith/NPR When 2011 began, the worst recession in two generations was technically over, but Annica Trotter, Ray Meyer, and Jennifer and Brian Barfield were unemployed and searching for work. Six years later, their experience demonstrates life doesn’t just snap back to normal after a job loss. Their economic recovery remains incomplete and in some ways their story is America’s story. NPR first profiled Trotter, Meyer, …

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Stocks edge lower on Wall Street

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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/ Go to Source Article Phone companies are leading stocks slightly lower in midday trading on Wall Street. The moderate declines Tuesday came a day after the Dow Jones industrial average marked its 12th consecutive record closing high, its longest winning streak in 30 years. Online brokers fell sharply after Fidelity announced a cut in trading commissions. Other brokerages followed suit. TD Ameritrade dropped 10 percent and ETrade Financial dropped 8.4 percent. Fidelity is privately held. Target plunged 11 percent after its profit missed forecasts. The Dow fell 3 points to 20,834. The Standard & Poor’s 500 index fell 3 points, or 0.1 percent, to 2,366. The Nasdaq composite lost 18 points, or 0.3 percent, to 5,843. Bond prices rose. …