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Ria Chakrabarty

Caste Discrimination Ban In Seattle Is An Event Of Big Significance

S&P, Dow set for worst day in eight months on Trump turmoil | Reuters

By Yashaswini Swamynathan The S&P 500 and the Dow were headed for their worst day in more than eight months as reports of a leaked memo by former FBI chief James Comey spooked investors, raising questions about whether President Donald Trump tried to interfere with a federal investigation. Trump asked Comey to end a probe into former National Security Adviser Michael Flynn’s ties with Russia, according to […]

S&P, Nasdaq hit record highs on gains in tech, consumer staples | Reuters

By Yashaswini Swamynathan The S&P 500 and the Nasdaq drifted higher to hit record intraday levels on Tuesday, supported by gains in technology and consumer staple stocks. As the first-quarter earnings season wraps up, investors’ attention will turn to developments in Washington that could overshadow Republican legislative priorities such as tax reform, healthcare and simpler regulations. Investors were wary after reports that President Donald Trump disclosed highly […]

Wall St. rises as oil price jump boosts energy shares | Reuters

U.S. stocks opened higher on Monday as a rise in oil prices boosted energy stocks, soothing some nerves following a massive cyber attack that locked up 200,000 computers in more than 150 countries. Oil hit a three-week high after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally […]

Wall Street swings to gains as Apple hits record-high

U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple (AAPL.O) rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise another 10 percent in six months, Barron’s wrote in an article posted Saturday. The U.S. stock […]

Wal-Mart helps Wall Street's record-setting rally march on

U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump. Wal-Mart’s (WMT.N) shares were the top gainer in the Dow Jones Industrial Average, rising 3 percent after the world’s largest retailer reported higher-than-expected U.S. sales. Home Depot (HD.N) shares gained 1.4 percent after the home improvement retailer […]

Wall St. loses ground after mixed jobs data

By Yashaswini Swamynathan U.S. stocks edged lower on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. The public and private sectors together added 156,000 jobs last month, a U.S. Labor Department report showed, compared with 204,000 jobs added in November. Average hourly earnings increased 10 cents, or 0.4 percent, after slipping 0.1 […]

Wall Street flat as banks, discretionary stocks fall, tech rises

By Yashaswini Swamynathan U.S. stocks were little changed on Thursday as a drop in banks and discretionary stocks were offset by gains in technology names. Investors are also assessing a host of economic data including the ADP payrolls report, which showed that 153,000 jobs were added in the private sector in December compared with economists’ expectation of 170,000. The report sets a precedent to Friday’s nonfarm payrolls […]

Dow closing in on 20,000; Nasdaq hits record high

The Dow and the Nasdaq hit record highs on Tuesday, with the blue-chip index just 13 points shy of the 20,000 mark, a level it has never scaled. Goldman Sachs (GS.N), which was up about 1 percent, gave the biggest boost to the Dow. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and S&P more than […]

Wall Street closes in on record high

U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates “relatively soon”, Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 […]

Comcast founder, cable industry leader Ralph Roberts dies at 95

AT&T Chairman and CEO Michael Armstrong (L) shakes hands withComcast Chairman Ralph Roberts (C) and his son, Comcast President Brian Roberts, before a press conference to announce the merger of AT&T Broadband with Comcast, in New York, in this file photo taken December 20,… Reuters/Peter Morgan/Files Comcast Corp (CMCSA.O) founder and prominent cable industry executive Ralph Roberts died on Thursday at the age of 95, the company […]