Author: super@dmin
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Market Snapshot: Stocks rally to close higher but log worst week since March
U.S. stocks rose to close higher on Friday, with equities rebounding from a multiday rout that slashed 1,400 points from the Dow Jones Industrial Average at its worst and left the Nasdaq on the precipice of a correction. How did the benchmarks fare? The Dow Jones Industrial Average DJIA, +1.15% whipsawed but ended the day…
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Bond Report: Yields on 2-year, 30-year Treasurys post largest weekly drop since May
Treasury yields ticked higher on Friday, leaving the sharp weeklong yield decline intact, after the bond market took a breather from the rotation out of risk assets and stocks into U.S. government paper earlier this week. The 10-year Treasury note yield TMUBMUSD10Y, +0.34% was up 0.9 basis point to 3.140%, trimming the weeklong decline…
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Bank earnings match expectations but fail to light a fire under stocks
The third-quarter earnings season kicked off as expected on Friday, with three of the nation’s biggest banks delivering reports that initially impressed, but lost some of their shine as the trading session progressed. That’s a pattern that has frustrated bank stock investors this year, as strong numbers have repeatedly failed to boost stock prices. The…
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Asia Markets: Asian stocks turn higher as global equities attempt rebound
An uncertain start for some Asian stock markets following Thursday’s drubbing evolved into broad gains Friday as trading progressed. Still, the region will post big weekly declines absent a huge move higher by the day’s end. Japan recovered from early weakness, with the Nikkei NIK, +0.40% closing 0.5% higher, but leaving it with a weekly…
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Outside the Box: 7 things early retirees can do when the stock market turns on them
We’ve had a bumpy ride with the stock markets this week, and after the historically long bull market we’ve been enjoying over the past decade, many are wondering if this is just a short-term market rout, or the beginning of a bigger and more persistent global recession. The only way to know is to wait…
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During a stock-market selloff, how would you invest $100,000?
After a wild Wednesday on Wall Street, investors are nervous. The Dow Jones Industrial Average DJIA, -2.13% plunged 831 points Wednesday in the worst day since the market correction last February, and fell nearly 546 points on Thursday. Many working Americans are understandably concerned about what this means for their 401(k) accounts, but for those…
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Does stock-market volatility make CDs tempting? Read this first
Certificates of deposit might be thought of simply as a safe haven for cash. But they can pack a punch in the right circumstances. Since 1967, certificates of deposit (CDs) have outperformed the stock market about 30% of the time on the basis of a 1-year return period, said Brian Karimzad, co-founder and senior vice…
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The ‘sleep easy’ portfolio recommended by your adviser may be riskier than you think
Yikes. Two sharp falls in a row is enough to get any investor a little nervous. Yes, so far the Dow Jones Industrial Average’s DJIA back-to-back plummets are still only a tremor on any longer-term view. Stock prices are higher than they were even one year ago. Nonetheless for many investors it’s an overdue reminder…
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Here’s how much damage has been done to the stock market during a powerful rout
Nearly 1,400 points and more than 5.2%: That is the degree to which the Dow Jones Industrial Average has gotten wrecked since Oct. 9, underscoring a punishing plunge for the broader stock market that appears to be the on verge of shedding its bullishness. So, how much damage has been done to the integrity of…
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The New York Post: Richard Branson puts $1 billion Saudi investment plan on hold over missing journalist
Virgin Group founder Richard Branson has suspended a $1 billion investment project with Saudi Arabia due to the disappearance of Washington Post columnist Jamal Khashoggi. Branson made the announcement Thursday as U.S. senators sparked an investigation into the circumstances surrounding the mystery of the missing U.S. resident and Saudi critic. “What has reportedly happened in…