Daily Breaking News Update
NEW YORK - Wall Street again hit by indiscriminate selling; causing the Dow Jones index fell below the level of 10,000. Selling action came a day ahead of the release of U.S. economic growth figures revised second-quarter 2010. Investors have revised downward from the figures that have been p
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Cisco Systems Inc.'s (CSCO) fiscal fourth-quarter profit jumped 79% on rebounding revenue, although margins slid for the second consecutive quarter. Shares of Cisco Systems ( CSCO - news - people ) dropped more than 5% in after-hours trading. While Cisco has missed Wall Streets expectations it is
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The U.S. is becoming a Plutonomy–an economy dependent on the spending and investing of the wealthy. And Plutonomies are far less stable than economies built on more evenly distributed income and mass consumption. “I don’t think it’s healthy for the economy to be so dependent on the top 2% of
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The Dow Jones industrial average (DJI:^DJI - News) was down 30.84 points, or 0.29 percent, at 10,649.59. The Standard & Poor's 500 Index (^SPX - News) was down 3.99 points, or 0.35 percent, at 1,123.25. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 11.85 points, or 0.51 percent, at 2
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STOCK MARKET TODAY: Stocks fell on Thursday as persistent concerns about unemployment and consumer spending were underscored by an unexpected rise in initial jobless claims and July retail sales that were mostly weaker than expected. Government data showed initial claims for jobless benefits rose
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The Dow Jones industrial average (DJI:^DJI - News) gained 102.32 points, or 0.99 percent, to 10,424.62. The Standard & Poor's 500 Index (^SPX - News) rose 8.99 points, or 0.82 percent, to 1,102.66. The Nasdaq Composite Index (Nasdaq:^IXIC - News) added 23.58 points, or 1.05 percent, to 2,269.47.
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General Electric delivered a shot of confidence to U.S. investors when it raised its dividend on Friday, pushing the S&P 500 through the key 1,100 level. GE (NYSE:GE - News) gained 3.3 percent in high volume after the U.S. conglomerate increased its quarterly dividend by 20 percent. GE's move
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The Dow Jones industrial average .DJI gained 206.31 points, or 2.04 percent, to 10,326.84. The Standard & Poor's 500 Index .SPX climbed 24.77 points, or 2.32 percent, to 1,094.36. The Nasdaq Composite Index .IXIC jumped 53.50 points, or 2.45 percent, to 2,240.83. U.S. stocks extended gains o
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U.S. stocks were little changed on Wednesday as caution before comments from Federal Reserve Chairman Ben Bernanke on the economy and interest rates offset optimism over solid earnings news. Bernanke is scheduled to testify before the Senate Banking Committee on Wednesday afternoon, giving the Fe
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Legislation is Pending to Extend Eligibility Dates for Benefit Extensions (Updated for the week of July 19th) Legislation to extend eligibility dates for benefit extensions is still pending. Although Congress is back from recess, we do not know when they will act on the pending legislation. In th
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U.S. stock index futures were lower on Tuesday after technology bellwethers International Business Machines and Texas Instruments posted quarterly revenues that fell shy of expectations. Image via Wikipedia IBM (IBM.N) fell 5 percent to $123.50 in pre-market trade a day after it reported a
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Image by Getty Images via @daylife The St. Paul, Minn., component of the Dow Jones Industrial Average (DJIA 10,169, +71.37, +0.71%) said in its mid-quarter update that it's expecting good growth in volume and pricing and new-product introductions. "That will all lead to growth in the qu
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