Tuesday, 16 October 2018

Dow spikes 548 points as investors cheer fat corporate profits

Corporate America is coming to Wall Street's rescue.
CNN Business: Markets Now
 
Dow Nasdaq S&P
+547.87   +214.74   +59.13
25,798.42   7,645.49   2,809.92
+2.17%   +2.89%   +2.15%
YTD +4.37%   YTD +10.75%   YTD +5.10%
 
Biggest Winners
Adobe Inc +9.52%
 
Advanced Micro Devices Inc +7.31%
 
Omnicom Group Inc +6.99%
 
Dollar Tree Inc +6.83%
Biggest Losers
W W Grainger Inc -11.95%
 
BlackRock Inc -4.44%
 
Autozone Inc -1.71%
 
Freeport-McMoRan Inc -1.17%
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Oil $72.26 +0.48 / +0.67%
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10-yr 3.16% -0.01 / -0.22%
Euro $1.16 -0.00 / -0.08%
News: What you need to know about the markets
 
 
Dow spikes 548 points as investors cheer fat corporate profits
Corporate America is coming to Wall Street's rescue. Read more »
 
For America's biggest banks, Saudi crisis strains a lucrative relationship
Wall Street is helping finance the transformation of Saudi Arabia's economy. Now, that lucrative relationship is coming under strain. Read more »
 
What tension with Saudi Arabia means for investors
Investors are bracing for the possibility of Saudi Arabia using oil as a weapon. Read more »
 
Decades of bad decisions doomed Sears
Amazon alone didn't kill Sears. The 132-year-old retailer played a big role in its own demise. Read more »
 
Hedge funds have killed Sears and many other retailers
Sears isn't the only retailer that was owned or backed by a big hedge fund or private equity firm to go bankrupt. There's a long list of retailers, including Toys 'R' Us, RadioShack and Gymboree, that big investors were unable to save. Read more »
 
Sears owes billions of dollars: Who will be left holding the bag?
Sears is on the hook to vendors, lenders and even customers who recently bought Kenmore fridges or Craftsman lawn mowers. Read more »
 
 
 
 
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