Dow, S&P 500 Surge to Record Closing Highs

By Michael Santoli The Dow Jones Industrial Average jumped above 15,000 for the first time in its long history Friday morning on the strength of a thousand fears going unrealized. The employment report for April — showing a greater-than-forecast 165,000 new jobs and an unemployment rate slipping down to 7.5% — was just the latest […]

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Buffett’s Annual Meeting: It’s a Party, Not a Symposium

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Global Shares Pause as U.S. Jobs Report Looms

By Richard Hubbard LONDON (Reuters) – A rally in global share markets halted on Friday as investors braced for monthly jobs data from the United States, while the euro recovered slightly from losses driven by the European Central Bank’s decision to cut rates. Analysts expect the April nonfarm payrolls report, due at 0830 a.m. ET […]

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S&P 500 Hits New All-Time High, Nasdaq Up 1%

By Rodrigo Campos NEW YORK (Reuters) – Stocks rose on Thursday, following the SP 500′s largest drop in two weeks a day earlier, on strong job market data and hopes the first rate cut by the European Central Bank in 10 months will help shore up the euro zone economy. Data showed the number of […]

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Facebook First-Quarter Revenue Up 38 Percent

By Alexei Oreskovic (Reuters) – Facebook Inc’s mobile advertising business continued to expand in the first three months of the year, but the social network’s rising spending restrained profit growth. Shares of Facebook were up 11 cents at $27.54 in after-hours trading on Wednesday. Mobile ad revenue, which accounted for 30 percent of Facebook’s ad […]

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Facebook First-Quarter Revenue Up 38 Percent

By Alexei Oreskovic (Reuters) – Facebook Inc’s mobile advertising business continued to expand in the first three months of the year, but the social network’s rising spending restrained profit growth. Shares of Facebook were up 11 cents at $27.54 in after-hours trading on Wednesday. Mobile ad revenue, which accounted for 30 percent of Facebook’s ad […]

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Dollar pressured before Fed policy outcome

By Chikako Mogi TOKYO (Reuters) – The dollar eased on Wednesday as investors warily awaited the outcome of the U.S. Federal Reserve’s two-day policy meeting later, while the euro drifted on expectations for a rate cut when the European Central Bank meets later in the week. Optimism over the U.S. recovery was the main driver […]

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S&P 500 closes at record, led by energy, tech shares

By Ryan Vlastelica NEW YORK (Reuters) – The SP 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index’s sixth rise in the past seven sessions. Stronger-than-expected housing data also boosted the market, as did Italy’s formation of a new government, ending months […]

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S&P 500 closes at record, led by energy, tech shares

By Ryan Vlastelica NEW YORK (Reuters) – The SP 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index’s sixth rise in the past seven sessions. Stronger-than-expected housing data also boosted the market, as did Italy’s formation of a new government, ending months […]

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S&P 500 closes at record, led by energy, tech shares

By Ryan Vlastelica NEW YORK (Reuters) – The SP 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index’s sixth rise in the past seven sessions. Stronger-than-expected housing data also boosted the market, as did Italy’s formation of a new government, ending months […]

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