Category Archives: Daily Advantage

Get smart, says Verizon to 150M non-connected cars

Stocks continued yesterday’s rally, boosted by stronger-than-expected GDP data, rallies in Asia and Europe, and the New York Fed president’s comments that the basis for a September rate hike has become “less compelling” amidst global market volatility. The Dow jumped … Continue reading

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Stocks rally to best day since 2011

After losing some momentum when the European markets closed, the markets surged through the close and broke a brutal six-day losing streak. Additional stimulus from the Chinese central bank, a surprisingly strong durable goods report, and a concession from the … Continue reading

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Strong rally turns red in last minutes of trading

For most of the session, stocks recovered much of the ground they lost yesterday, rallying after the Chinese government cut interest rates and bank reserve requirements. The moves weren’t enough to stave off another steep drop of Chinese equities, but … Continue reading

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Dow plummets 1,000, then partly recovers in volatile session

You know it’s going to be a volatile session when news organizations begin the day by explaining how market circuit breakers work. The declines started in Asian markets, spread to European ones, with the Stoxx Europe 600 sinking 5.33%, and … Continue reading

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Stocks continue sell-off on worries over global growth

The Dow and the Nasdaq entered correction territory on worries over slowing growth around the world, with information technology, health care, and energy stocks leading the declines. The Dow plummeted 530 points, with all 30 of its components in the … Continue reading

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Worries about global slump sink stocks

Concerns about global growth weighed on major indexes throughout the world today, particularly worries about the potential ripple effects from continued weakness in energy prices, a slowdown in China, new Greek elections, and speculation that even the Federal Reserve was … Continue reading

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Minutes show a Fed that still hasn’t decided about September

A momentary surge pushed stocks higher after the accidental early release of the Federal Open Market Committee’s latest minutes, but stocks soon resumed their downward direction to close solidly lower. The Dow lost 162 points, with 27 of its 30 … Continue reading

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Virtual road races

Stocks declined as new data showing U.S. housing market gains was overshadowed by more sharp declines for Chinese stocks and Dow component Wal-Mart’s lowered full-year guidance. The Dow fell 33 points, with 17 of its 30 components retreating; the S&P … Continue reading

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Eight CDs for a bankruptcy

Jittery markets started the session with big declines after a drop in Japan’s gross domestic product and a report showing manufacturing contraction in the New York region. Stocks bounced back in mid-morning trading. The Dow gained 67 points, with 23 … Continue reading

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Sesame Street moves to HBO

Stocks ended the day in green territory, as investors capped the week with a backdrop of mixed but promising data on the U.S. economy. The Dow rose 69 points, with 24 of its 30 components advancing, the S&P 500 Index … Continue reading

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