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Latest Articles in wall street

S&P, Dow Close Higher On New Fed Inflation Stance, COVID Test Hopes

Shares of Abbott Laboratories jumped 7.8% after the company won U.S. approval to market a cheap, portable, rapid COVID-19 antigen test, which could be a step toward containing the pandemic that sent the U.S. economy spiraling into recession.

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US Says China 'Bullying' UK, Cites HSBC Hong Kong-Related Accounts

Hong Kong media tycoon Jimmy Lai, a prominent democracy activist and top executive at Next Digital, was arrested Aug. 1

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Dollar Falls, European Shares Rise As Markets Buoyed By Vaccine Hopes

After the STOXX 600 saw its biggest daily gain in almost two weeks on Monday, the bullish mood continued throughout the New York and Asian sessions.

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S&P, Nasdaq Close At New Highs As Wall Street Rides Bull Momentum

The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market trough on record.

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S&P 500, Nasdaq End At Records After Upbeat Business Surveys

Apple Inc rose 4% as its market value continued to swell after the most valuable publicly listed company in the world crossed the $2 trillion milestone this week.

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Fear Fading On Wall Street As Investors Learn To Love The New Bull Market

Investors may well heed their advice: nearly 80% of fund managers surveyed by BofA Global Research, the highest level in more than a decade, expect the global economy to grow over the next year.

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India Parliamentary Panel To Question Facebook On Content Controversy

Facebook and its top lobbying executive in India, Ankhi Das, are facing criticism after a news report said she opposed applying hate-speech rules to a politician from India's ruling party.

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The Pandemic Bull Market: S&P 500 Closes At Record High

The S&P record confirms, according to a widely accepted definition, that Wall Street's most closely followed index entered a bull market after hitting its pandemic low on March 23.

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Wall Street Holds The Cards As Main Street Chases Blank-Check Deal Frenzy

PIPE deals have helped push SPAC acquisitions in 2020 to a record $27.4 billion, including debt, with a further $35.2 billion worth of deals announced and pending completion.

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China Pushes First Capital Merger In Drive To Take On Wall Street

The Beijing municipal government owns 23% of First Capital and 91.5% of Capital Securities via several companies, the corporate registry showed.

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Cisco's First-Quarter Forecast Disappoints, Shares Fall

Cisco expects current-quarter revenue to drop between 9% and 11% from last year, implying a range of between $11.71 billion and $11.97 billion, while analysts had expected $12.25 billion.

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European Shares Fall As Optimism From Asian Session Falters

World shares are down around 8% so far this year, having slumped 35% between Feb. 20 and March 23 in the most destructive sell-off since the Great Depression.

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S&P 500 Closes Lower As COVID-19 Resurgence Casts A Shadow On Sentiment

The S&P 500 and the Dow are now at 8.5% and 12.5% shy of their respective all-time highs reached in February

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World Shares Mixed Amid Hopes For Business Pickup; Oil Slips

The S&P 500 lost 20.02 points, or 0.70%, to 2,848.42, and the Nasdaq Composite added 45.27 points, or 0.51%, to 8,854.39.

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Disney, Hit Hard By Coronavirus, To Face Wall Street Questions On Impact On Company

Analysts expect the streaming division, known as direct-to-consumer and international, to report a loss of $861 million.

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