News Stocks 

Gains by banks, technology firms lead US stocks higher

“KEEPING SCORE: The Standard & Poor’s 500 index rose 11 points, or 0.5 percent, to 2,573 as of 3:10 p.m” reports foxbusiness.com. Technology companies and banks led U.S. stocks higher in late-afternoon trading Friday, placing the market on course to extend its gains for the week.TAX CUT NEXT?: The passing of a $4 trillion budget resolution in the Senate stoked hopes on Wall Street that President Donald Trump’s tax reform package will be enacted.Higher bond yields allow banks to charge higher interest rates on mortgages and other loans.They also drew…

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News Stocks 

European stocks nudge higher as Volvo rallies

“European stocks edged higher Friday, but Spanish stocks were held back as worries persisted about the Spain-Catalonia standoff over independence for the wealthy region” writes Markets Reporter for marketwatch.com. The swing to a weekly decline in European stocks was driven in part by Spanish shares, which have struggled as tensions over Catalonia’s bid for independence persist.What’s driving markets: The firm open for European stocks was driven in part by a decline in the euro EURUSD, -0.4219%  against the U.S. dollar, as a weaker euro can make European products less expensive…

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U.S. leading economic indicators fall for first time in a year — and hurricanes are to blame

“The numbers: The index of leading U.S. economic indicators fell 0.2% in September, marking the first drop in 12 months” writes Jeffry Bartash for marketwatch.com. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.Big picture: The sturdy U.S. economy mostly absorbed the damage from a pair of major hurricanes in September.The Dow Jones Industrial Average DJIA, -0.33%  fell Thursday, a day after the index closed above 23,000 for the first time.What happened: The decline stemmed partly from the “temporary impact of the recent…

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Futures News Stocks 

U.S. stock futures tumble, with eBay, Apple, other tech stocks taking a hit in premarket

“U.S. stock futures fell sharply on Thursday, led by a hefty tumble for Nasdaq-100 futures as shares of eBay Inc” writes Markets Reporter for marketwatch.com. Other tech shares followed the shares lower in premarket trading, with Netflix Inc.Shares of eBay slumped 6% in thin premarket trading — the online auctioneer’s shares took a hit late Wednesday after the company lowered its annual profit outlook.Dow Jones Industrial Average futures YMZ7, -0.39% slid 115 points, or 0.5%, to 23,000, while S&P 500 futures ESZ7, -0.46% dropped 13.10 points, or 0.5%, to 2,547.75.European…

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News Oil Stocks 

US stock indexes mostly higher in early trading; oil up

“U.S. stock indexes were mostly higher in early trading Wednesday as the market added to its modest gains from a day earlier” writes The Associated Press for seattletimes.com. KEEPING SCORE: The Standard & Poor’s 500 index rose less than a point to 2,560 as of 10:14 a.m.The stock added $2.06 to $21.44.Its shares rose $12 to $158.75. Source: seattletimes.com Share This:

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Markets News Stocks 

Mnuchin has an important warning for stock-market investors

“Tax cuts are crucial to maintaining their record-setting ways, according to Steven Mnuchin” writes Mark Decambre for marketwatch.com. Beware, stock market investors!. Check out: Dow industrials on track for push above 23,000, as IBM’s rally provides a lift It isn’t clear, however, that the hope of tax cuts have been the sole cause of those gains. Only 1 out of 4 polled believe that the market will crash:. The Treasury secretary made his comments during a recent interview with Politico and said stocks could take a significant tumble if tax…

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DAX heads for new record, as euro slide helps exporters

“The paint and specialty chemicals company posted a 13% drop in third-quarter earnings, citing industry headwinds and unfavorable foreign-exchange conditions” writes Markets Reporter for marketwatch.com. Germany’s DAX 30 index DAX, +0.73% picked up 0.3% to 13,027.29, on course for a new record closing high.European stocks gained Wednesday, as falls in the euro and the pound helped exporters and offset disappointing financial updates from companies such as Zalando.Pullbacks in those currencies can help lift shares of exporters, as they make most of their earnings overseas.Among big exporters, shares of auto makers…

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Dollar gains for a 4th straight day

“The U.S. dollar extended its gains against major rivals on Tuesday after a round of economic data, set to stretch its win streak to four sessions” writes Markets Reporter for marketwatch.com. Against the yen USDJPY, +0.01% the dollar was stronger, trading at ¥112.29 versus ¥111.19 in the previous session.Against the Canadian dollar USDCAD, +0.0399% the buck was up at C$1.2552, compared with C$1.2520 late Monday.Still, strategists read some weakness in real wages that might suggest that the recent gains in inflation aren’t as strong as headlined, weighing on the pound. Source:…

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TD Ameritrade Says Goodbye to Commission-Free Vanguard ETFs

“TD Ameritrade touts nearly 300 funds on the new commission-free list” reports etfdailynews.com. They also dropped Morningstar as the advisor that selects the commission-free list, giving in-house management more control over which funds make the cut.Headlining that list is a lineup of broad-based “portfolio” funds from State Street (the SPDR brand) that have extremely minimal expenses.But let’s be realistic, there are probably 100 good funds and 200 that would make my “never trade” list. Source: etfdailynews.com Share This:

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