Suez Canal says close to clearing backlog after ship dislodged

© Reuters. A container ship sails at the Suez Canal, in Ismailia CAIRO (Reuters) – The Suez Canal said on Friday it was close to clearing a backlog of shipping that built up when a giant container ship was grounded in the waterway. Suez Canal Authority (SCA) Chairman Osama Rabie told Egypt’s Extra News TV […]

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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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An ugly day for the NASDAQ. Major indices close at lows

Dow turns negative at the close It was an ugly day for the NASDAQ index. It fell 2% on the day on a decline of 265.8 points. The S&P index and Dow were down more modestly but both closed at the session lows.  The declines today cannot be blamed on yields moving higher. The treasury curve is lower across the board with […]

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