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US stock indexes march higher after encouraging results from eBay, McDonald’s and others

KEEPING SCORE: The Dow Jones industrial average rose 307 points, or 1.8 percent, to 17,475 as of 1:18 p.m. Eastern time. The Standard & Poor’s 500 index added 35 points, or 1.8 percent, to 2,054. The Nasdaq gained 83 points, or 1.7 percent, to 4,923. The gains brought the S&P 500 index nearly back […]

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What Do Today’s Stock Prices Imply For Future Returns?

As the bull market approaches its seventh anniversary next March, many investors are increasingly nervous. Partly, this anxiety stems from a deterioration in fundamentals, given the decelerating global economy. But years of unconventional monetary policy have also pushed valuations to heightened levels. With U.S. stocks trading at a premium to other markets, as well as […]

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European stock markets mostly steady before ECB call

London (AFP) – European stock markets pulled back Wednesday as worries over Greece offset positive German data, analysts said, with focus also on the aviation sector as more details of the Alps plane crash emerged. London’s benchmark FTSE 100 index shed 0.41 percent to 6,990.97 points, while Frankfurt’s DAX 30 index fell 1.17 percent to […]

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US stock rally produces 4th straight weekly gain

New York (AFP) – Surging tech earnings, a McDonald’s comeback and a partnership between Oprah Winfrey and Weight Watchers helped push US stocks Friday to their fourth straight week of gains. The S&P 500, erasing the memories of a horrendous third quarter, gained 42.04 points (2.07 percent) to 2,075.15, moving back into positive territory for […]

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Canada’s dollar falls below 76 cents US, North American stock markets rise

TORONTO – North American markets rose Friday after the European and Chinese central banks signalled new efforts to boost growth through monetary policy. The Toronto Stock Exchange’s S&P/TSX composite index ended the day up 75.55 points at 13,953.66, helped by a rebound in the share price of embattled Valeant Pharmaceutical International (TSX:VRX). Canada’s largest drugmaker […]

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