Trump, Powell and Wall Street
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The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results.
The stock market opened largely flat on Thursday, as investors assessed the retail sales and the jobless claims reports. The S&P 500 (SP500) was flat, the Dow (DJI) +0.2%, and the Nasdaq Composite (COMP:IND) +0.
Disney CEO Bob Iger celebrated the company's 70th anniversary by opening the New York Stock Exchange trading session from Anaheim, California Thursday.
President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling concerns about the long-term health of the US economy, investors say.
Wall Street's main indexes inched up on Thursday, supported by upbeat results from PepsiCo and strong economic data that pointed to a healthy consumer.
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As more people ask chatbots for financial advice, creating the right prompts is the key to getting useful answers.
Wall Street digested a surprisingly cool wholesale inflation reading and more big bank earnings, with one eye on Trump's latest tariff moves.
Tuesday: JPMorgan Chase, Wells Fargo, Citigroup, BlackRock, and Bank of New York Mellon release results. Wednesday: Bank of America, Morgan Stanley, Goldman Sachs report.
The favorite stock for four of Wall Street's most successful fund managers is the only member of the "Magnificent Seven" to have never completed a stock split.