Text size Michael M. Santiago / Getty Images It’s like the bear market never happened. And maybe just did that. The stock market had another good week, with the S&P 500 index ending 0.6% to 3372.85; the Dow Jones industrial average rose 497.54 points, or 1.8%, to 27,931.02; and the …
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Text size Chinese retail sales fell unexpectedly in July. Getty Images The S&P 500 closed Friday almost unchanged, as investors mixed data weighing on consumer confidence and retail sales against an upcoming trade meeting between Chinese and U.S. officials. While headline U.S. retail sales figures missed forecasts, with a monthly …
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Text size Andrew Harrer / Bloomberg With interest rates on historic leases, a new fee could make it more expensive to refinance your mortgage, experts say. Fannie Mae (ticker: FNMA) and Freddie Mac (FMCC) announced a new 0.5% fee on limited cash-out refinances and cash-out refinances on Wednesday night. The …
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Cisco Systems Inc. shares CSCO, -10.89% 11.6% were eliminated in trading Thursday morning after the company reported declining fiscal-quarter revenue and posted a downbeat outlook for the current period. The stock is on course for its worst one-day percentage since February 10, 2011, when it dropped 14.2%. “Guidance for the …
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Text size Getty Images U.S. equities stand despite the lack of progress in efforts to negotiate another stimulus package and further data showing strengthening inflation. Shortly after the open, the Dow Jones Industrial Average averaged 263 points, or 1%, up 27,950. The S&P 500 also advanced 1%, while the Nasdaq …
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