Dow posts a record close. Nasdaq underperforms.

Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin.   The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap […]

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EUR/USD posts fresh session lows as dollar steadies after slight softness earlier

The dollar is recovering ground across the board In turn, the bids in the dollar is pushing EUR/USD to fresh lows since 18 February as the Friday lows give way and that puts some pressure on support closer to 1.2023. Just take note that the 100-day moving average in the pair comes in at 1.2029 […]

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Oil Posts 4th Monthly Gain Before Contentious OPEC+ Meeting

© Reuters. By Barani Krishnan  Investing.com – Crude oil markets rose for a fourth straight month, despite a price drop Friday, intensifying the challenge of keeping up with their phenomenal run as Saudi Arabia and Russia head into a contentious producers meeting next week with different agendas. The enlarged OPEC+ alliance of oil producers, banding […]

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Pope Francis appoints more women to Vatican posts

© Reuters. FILE PHOTO: Pope Francis holds the weekly general audience at the Vatican By Philip Pullella VATICAN CITY (Reuters) – Pope Francis has appointed two women to Vatican posts previously held only by men, in back-to-back moves giving women more empowerment in the male-dominated Holy See. He appointed Nathalie Becquart, a French member of […]

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S&P 500 posts biggest gain since Nov. 24, led by gains in tech shares

2/2 © Reuters. FILE PHOTO: Trader Frank Masiello talks on his phone on Wall St. outside the NYSE in New York 2/2 By Caroline Valetkevitch (Reuters) -The registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail […]

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Nike raises full-year sales forecast, posts surprise earnings growth

2/2 © Reuters. A person walks past a Nike brand store in Kyiv 2/2 By Uday Sampath Kumar and Richa Naidu (Reuters) -Nike Inc said on Friday that full-year revenue will likely be better than previously expected, after COVID-wary shoppers demanding outdoor sportswear drove its third consecutive surge in online sales. Shares in Beaverton, Oregon-based […]

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Exxon posts third straight loss as pandemic hits energy demand, prices

© Reuters. FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba (Reuters) – Exxon Mobil Corp (N:) posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 impact on […]

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Dollar Posts Weekly Loss as Bearish Bets Jump

© Reuters. By Yasin Ebrahim Investing.com – The dollar posted a weekly loss as data showed bearish bets on the greenback surged to a more-than-two-year high. Speculators increased their net short dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday, the largest bearish position […]

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Comic: Wall Street Posts 4th Weekly Gain In Last 5 Weeks On More Stimulus Hopes

By Jesse Cohen Investing.com – Stocks on Wall Street posted their in the last five weeks as the Federal Reserve’s extra stimulus lifted the market. The U.S. central bank announced on Monday that it would of up to $ 250 billion in individual corporate bonds to support liquidity and credit for large employers. Investors were […]

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