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How major US stock indexes fared Tuesday
Major U.S. stock indexes closed mostly lower Tuesday, erasing some of the market's gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling came as investors weighed the...
Stocks fall on Apple revenue warning; Dow drops 165
U.S. stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling, which lost some of...
Franklin Resources buying Legg Mason for $4.5 billion
SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50in cash...
Shares take hit as virus outbreak slams profits, events
BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...
Shares fall in Asia as virus outbreak hits profits, events
BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show. Signs suggest China may postpone its annual...
Asian markets mixed: Japan skids; China helped by rate cut
BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of...
Japanese economy sinks amid fears about virus impact
TOKYO (AP) — The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending. The seasonally adjusted economic data released Monday by the Cabinet Office comes amid looming fears about the economic damage expected from the new viral...
How major US stock indexes fared Friday
Stock indexes finished mostly higher on Wall Street Friday as technology, real estate and utilities companies outweighed losses elsewhere in the market. The major indexes finished with their second straight weekly gain. Bond yields fell and the price of gold rose as traders remained cautious following China's...
US stocks post small gains, major indexes up for the week
Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. The Dow Jones Industrial Average ended with a slight loss....
Global shares steady but virus concerns keep buying in check
LONDON (AP) — Global shares recovered their poise Friday though continuing concerns about the economic impact of the virus outbreak that began in China kept market gains in check. On Thursday, concerns related to the outbreak accentuated when new figures showed a sharp increases in the number of cases and...
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