Tag: #S&P
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S&P notches high by a nose on low-key day for Wall Street
New York, Nov 15 (AFP/APP): The S&P 500 on Thursday rose to its second straight record close on an otherwise subdued day for Wall Street marked by concerns about slowing global growth and stalled trade talks. Markets got encouraging signals from Federal Reserve Chairman Jerome Powell, who in his second day of congressional testimony said…
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Dow, S&P 500, Nasdaq end at records on optimism on trade
New York, Nov 5 (AFP/APP): Wall Street stocks surged to fresh records on Monday on optimism over international trade talks and continued positive momentum from solid economic data and earnings. The Dow Jones Industrial Average finished at 27,462.11, up 0.4 percent and about 105 points above the previous all-time high in July. The broad-based S&P…
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US stocks flirt with records on China trade progress
New York, Oct 26 (AFP/APP): Wall Street finished a solid week on an upbeat note Friday as the S&P 500 flirted with a record following upbeat comments from US trade officials about progress in China talks. The US Trade Representative’s office said officials are “close to finalizing” some parts of the a trade agreement with…
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S&P cuts Ford’s debt rating, citing weak profits
Washington, Oct 26 (AFP/APP): Ratings agency S&P on Friday knocked down Ford’s debt rating to BBB-, a notch above junk, saying falling sales and rising costs were eroding the US auto giant’s margins. The move follows last month’s similar downgrade by Moody’s, which cut Ford to junk status, and comes two days after the company…