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Wall Street ends mixed as Microsoft, Apple offset

6 hours ago NAMEX Comments Off on Wall Street ends mixed as Microsoft, Apple offset
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid (Reuters) – Wall Street ended mixed on Thursday, with a dip in Apple Inc (AAPL.O) shares offsetting a gain in Microsoft Corp (MSFT.O) shares a day after the Federal Reserve cut interest Read More

US STOCKS-Microsoft nudges S&P 500 toward record high

7 hours ago NAMEX Comments Off on US STOCKS-Microsoft nudges S&P 500 toward record high
(Reuters) – Microsoft and healthcare companies lifted Wall Street on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid Microsoft Read More

GLOBAL MARKETS-Shares rise after Fed rate cut, oil prices gain

7 hours ago NAMEX Comments Off on GLOBAL MARKETS-Shares rise after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being Read More

Upbeat data suggest U.S. economy still on moderate growth path

9 hours ago NAMEX Comments Off on Upbeat data suggest U.S. economy still on moderate growth path
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo Read More

Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry

13 hours ago NAMEX Comments Off on Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry
LONDON (Reuters) – World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

U.S. labor market remains strong, manufacturing still weak

13 hours ago NAMEX Comments Off on U.S. labor market remains strong, manufacturing still weak
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo Other Read More

Microsoft, energy stocks lift Wall Street at open

13 hours ago NAMEX Comments Off on Microsoft, energy stocks lift Wall Street at open
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened higher on Thursday, boosted by Microsoft Corp and energy stocks, a day after the Federal Reserve cut rates as expected but played down hopes of further monetary Read More

UPDATE 1-Bank rally leads European stocks higher

17 hours ago NAMEX Comments Off on UPDATE 1-Bank rally leads European stocks higher
(Reuters) – A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 18, Read More

‘No guts, no sense, no vision’: US Fed cuts interest rates, but Trump calls it a ‘failure’

18 hours ago NAMEX Comments Off on ‘No guts, no sense, no vision’: US Fed cuts interest rates, but Trump calls it a ‘failure’
The US Federal Reserve has cut interest rates for the second time since 2008, to a range of 1.75 to 2 percent. The move was met with disdain from US President Donald Trump, who was hoping for a larger cut. The Federal Reserve announced the measure on Wednesday, decreasing its benchmark interest rate by 25 Read More

Asian shares decline on guarded Fed, yen rises after BOJ holds fire

19 hours ago NAMEX Comments Off on Asian shares decline on guarded Fed, yen rises after BOJ holds fire
TOKYO (Reuters) – Asian shares extended declines on Thursday after the U.S. Federal Reserve signaled a higher bar to further easings, while the Bank of Japan also held off from offering more stimulus as some had hoped. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Read More