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Stock markets surge as Dow closes at all-time high
Stock markets in New York and London climbed to new highs on Tuesday as the Dow Jones Industrial Average surged to its highest closing level and the London market surpassed a level last reached five years ago. Better-than-expected news from the service sector on both sides of the Atlantic and…
Dow Jones reaches highest point since Great Depression
NEW YORK — The Dow Jones Industrial Average powered to an all-time record high Tuesday exactly four years after hitting bottom in the worst economic crisis since the Great Depression. After more than doubling its value in a steady march upward since March 2009, the Dow assaulted the record from…
U.S. recovery stalls after first quarter of negative growth in three years
The US economic recovery juddered to a halt in the final months of 2012 as the government slashed defence spending, business orders declined, and Washington fought over the fiscal cliff budget crisis. The GDP of the world’s biggest economy shrank for the first time in three and a half years…
Apple’s ‘iPad Mini’ to be unveiled Oct 23: report
Apple’s widely anticipated unveiling of its “iPad Mini” is expected to come on October 23, the Dow Jones technology website AllThingsD said Friday. Reports have been swirling for months about the smaller version of the market-leading iPad, but Apple has made no comment. The report, citing “people familiar with Apple’s…
Dow Jones takes 275 point hit after bad jobs report
NEW YORK — US stocks dropped more than two percent Friday, with the Dow turning negative for the year for the first time, after poor labor market figures showing a meager 69,000 jobs were added in May. That combined with dismal data on industry from the US, Europe, China and…
Stocks rally at day’s end, erasing most of Monday’s major losses
NEW YORK (Reuters) – Stocks rallied on Tuesday in a volatile session as investors struggled to decipher the Federal Reserve’s signals on the economy after a dizzying two-week slide. The Dow Jones industrial average was up 429.69 points, or 3.97 percent, at 11,239.54, based on the latest figures. The Standard…
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