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Gold prices closed higher Tuesday even as some investors put their money back into the stock market, an unusual situation that reflected continued anxiety among investors. Gold prices usually fall when the stock market rises, as it did for much of Tuesday. But gold prices continued to climb. The S&P 500 finished the day up… Continue Reading Gold up with stocks as investors cling to security

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U.S. markets fall sharply after S&P downgrade

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The U.S. stock market joined a sell-off around the world today in the first trading since Standard & Poor’s downgraded American debt and gave investors a reason to be anxious. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street. It recovered some of those losses, then… Continue Reading U.S. markets fall sharply after S&P downgrade

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Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession, but it wasn’t enough to prevent another losing day on Wall Street. Employers added 117,000 jobs last month, the Labor Department said Friday. That’s better than the past two months, which were… Continue Reading Unemployment rate dips, economy adds 117K jobs

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Stocks are edging higher in afternoon trading Wednesday as investors shrug off a setback in the U.S. service sector. The Institute for Supply Management reported that business growth slowed at U.S. service providers in June. Financial companies and health care providers reported the weakest results. The ISM report followed a broad sell-off in Europe and… Continue Reading Stock market shrugs off weak service sector report

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Financial stocks fell Thursday as investors weighed mortgage problems that could cost big banks billions. Shares of Bank of America Corp., Wells Fargo & Co. and Citigroup Inc. fell at least 4 percent and JPMorgan Chase & Co. fell nearly 3 percent. By comparison, the broad Standard & Poor’s 500 index declined 0.4 percent. Investors… Continue Reading Financial stocks fall as investors react to mortgage problems

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Stock indexes moved lower Thursday as a drop in new claims for unemployment benefits wasn’t enough to resolve worries about the economy. The Dow Jones industrial average fell 59 points in afternoon trading, hovering just around the 10,000 level, after getting an early 45-point lift from the weekly unemployment report. Broader indexes also dipped. The… Continue Reading Stocks slip as caution about the economy returns

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The Dow Jones industrials climbed back above 10,000 Wednesday after investors had second thoughts about the heavy selling in the stock market during the last two weeks. Stocks soared and the Dow rose 275 points after a modest gain Tuesday. It was the market’s first back-to-back advance since mid-June and the first close above psychological… Continue Reading Dow closes above 10,000 after weeks of heavy selling

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Stock futures fall, point to lower opening

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A day after the Dow Jones industrial average broke a seven-day losing streak, stocks are set to resume that slide. Futures dipped today but were well off their lows of the morning, as investors remain concerned about the pace of a global recovery. Stock futures pointed toward the Dow erasing some Tuesday’s 57-point gain, which… Continue Reading Stock futures fall, point to lower opening

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Stocks rose modestly in early trading today following a third straight report that showed weak job growth. Major indexes are up after the government said private employers increased their hiring last month, but not quite as fast as expected. The Dow Jones industrial average rose nearly 30 points. The Labor Department said private employers added… Continue Reading Stocks inch up after gov’t says job growth slow

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Stocks’ resiliency quells recovery fears

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NEW YORK (AP) – Stocks are snapping back from Friday’s big losses as stronger-than-expected reports on manufacturing and housing ease investors’ concerns about how durable the economic recovery will be. Major indexes rose more than 0.5 percent in midday trading Monday, including the Dow Jones industrials, which jumped about 80 points after tumbling 250 points… Continue Reading Stocks’ resiliency quells recovery fears

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