Monday , 20 August 2018

Business News

How major US stock indexes fared Monday

U.S. stocks closed broadly higher Monday as retailers and other consumer-focused companies posted solid gains. Industrial stocks also rose, led by airlines. Energy companies rose along with the price of U.S. crude oil. Technology stocks lagged the market. On Monday: The S&P 500 index rose 6.92 points, or 0.2 percent, to 2,857.05. The Dow Jones Industrial Average climbed 89.37 points, …

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Retailers, airlines lift US stocks higher, extending gains

Retailers and airlines helped lift U.S. stocks broadly higher Monday, extending the market’s gains from last week. Consumer-focused companies and industrial stocks grabbed most of the gains. Banks and health care stocks also rose. Energy companies climbed along with the price of U.S. crude oil. Technology companies lagged the broader market, weighing down the Nasdaq composite index for much of …

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Markets Right Now: Retailers lead gains for US stock indexes

The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street as retailers and other consumer-focused companies post solid gains. Macy’s led the way higher among retailers Monday with a 6.1 percent gain. Kohl’s rose 3.2 percent and Home Depot climbed 1.2 percent. SodaStream jumped 9.4 percent after PepsiCo agreed to …

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Silicon Valley vet to head women's advocacy group Catalyst

A former Silicon Valley CEO is taking the helm of a prominent organization dedicated to the promotion of women in the workplace, saying the #MeToo era is a “fantastic time” to champion gender equality. Lorraine Hariton becomes CEO of the group Catalyst at time when sexual misconduct scandals are ensnaring corporate executives, and the departure of PepsiCo’s CEO highlighted the …

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How to reset retirement plans to weather a downturn

The older the current bull market gets, the more stories you’re likely to read about how this is an awful time to retire. Yes, we’re due for a correction that trims 20 percent or more from stock values. That could be a big problem for people taking withdrawals from investment portfolios, since market losses early in retirement increase the chances …

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Fourth quarter looking good for small, independent retailers

The latest retail sales report from the government augurs well for small and independent retailers for the fourth quarter, with one possible snag: the impact of trade tariffs. Overall retail sales rose 6.4 percent in July from a year ago, and sales from non-store retailers, which include online merchants, soared nearly 9 percent, according to the Commerce Department. Sales at …

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Stocks mostly rise on hope for progress on China trade talks

Global stocks mostly rose Monday amid signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported the countries hope to have a resolution by November. KEEPING SCORE: France‘s CAC 40 edged up nearly 0.6 percent to 5,378 while Germany‘s DAX added 1 percent to 12,336 and Britain’s FTSE 100 climbed 0.4 percent …

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US firms to Trump: Don't raise tariffs on more Chinese goods

Fishermen off the Alaskan coast. A Florida maker of boat trailers. A building materials distributor in Tennessee. Those and hundreds of other American businesses are delivering the same plea to President Donald Trump as he considers imposing tariffs on nearly 40 percent of imported Chinese goods: Don’t do it. The Trump administration will hold six days of hearings starting Monday …

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Born out of the financial crisis, bull market nears record

The bull market in U.S. stocks is about to become the longest in history. If stocks don’t drop significantly by the close of trading Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days, a record that few would have predicted when the market struggled to find its footing after a …

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Bull market in stocks poised to set record for longest ever

The bull market in stocks is poised this week to break the record as the longest in the history of U.S. trading. If the market doesn’t drop significantly in the three days through Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days. It’s a record that few would have predicted …

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