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U.S. stocks rise despite weaker job report

The stock market shook off a shaky start and moved higher Thursday after a tame inflation reading and another weak jobs report raised expectations that the Federal Reserve may be moving closer to another round of stimulus measures for the U.S. economy.   Applications for unemployment benefits applications rose 6,000 last week, more than economists… Continue Reading U.S. stocks rise despite weaker job report

Weak Chinese data weighs on markets

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U.S. and European stocks slipped Friday on weak Chinese economic data and persistent tensions in eurozone debt markets, while Asian markets were buoyed by a botched North Korean missile test. Concerns about the prospects for global growth remained the market focus after official data in China showed its economy grew at an 8.1 percent pace… Continue Reading Weak Chinese data weighs on markets

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Stocks opened sharply lower on Wall Street Wednesday after the Federal Reserve signaled that it may be less willing to provide more stimulus to the U.S. economy. The Fed’s policy makers were encouraged by recent reports of job growth in the U.S. and seemed more willing to allow the economy to move forward on its… Continue Reading Stocks falter as Fed backs away from stimulus

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Maker of Fender guitars files for $200M IPO

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An instrumental piece of rock and roll history is going public. Fender Musical Instruments Corp., the maker of legendary guitars strummed by the likes of Buddy Holly, Jimmy Hendrix and Eric Clapton, filed papers Thursday for a $200 million initial public offering. Founded in 1946 by Leo Fender, the company created the Telecaster and Stratocaster… Continue Reading Maker of Fender guitars files for $200M IPO

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Stocks slip on the last trading day of 2011

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Stocks are slipping Friday on the final trading day of the year. The Dow Jones industrial average fell 23 points, or 0.2 percent, at 12,264 in the first hour of trading. The S&P 500 fell 1 point at 1,262. It’s up just 0.3 percent for 2011. The Nasdaq fell 1 point to 2,612. McDonald’s Corp.… Continue Reading Stocks slip on the last trading day of 2011

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Oil price falls with stocks on Europe worries

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Oil dropped Tuesday with the stock market as a surprise referendum in Greece threatened to derail a plan to bolster Europe’s banks. Benchmark crude fell $2.64, or 2.8 percent, to $90.55 per barrel in late morning trading on the New York Mercantile Exchange. In London, Brent crude lost $1.80 at $107.76. Prices dropped after Greece’s… Continue Reading Oil price falls with stocks on Europe worries

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Stocks wavered in early trading Tuesday after disappointing corporate earnings reports and concerns that France and Germany may not reach an agreement on additional support for Greece. The financial sector, however, outpaced all others in gains after Bank of America topped Wall Street expectations for the quarter. Moody’s also warned late Monday that the stable… Continue Reading Stocks waver on news of disappointing corporate reports

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An early stock market rally faded Wednesday, leaving indexes with small losses in early afternoon trading. The price of gold slumped 4 percent as investors became less fearful. A sharp increase in orders for long-lasting goods in July eased fears that the U.S. was headed for another recession. Companies placed more orders for aircraft, automobiles… Continue Reading An early US stock rally fades; indexes edge lower

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More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week. In the United States, there were reports that more people joined the unemployment line last week than a week earlier, gasoline… Continue Reading Here we go again: Stocks plunge on economic fear

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Rising stock prices push oil near $88 a barrel

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Oil rose Wednesday on renewed optimism about the U.S. economy, as traders took their cue from higher stock prices. Benchmark West Texas Intermediate crude for September delivery rose $1.25 to $87.89 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, which is used to price many international oil varieties, increased by… Continue Reading Rising stock prices push oil near $88 a barrel

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