LONDON—Concerns over slowing China growth and a spike in COVID-19 cases in Europe stymied the global equity markets rally on Friday with stocks struggling to cling to recent record highs and the euro looking on track for a second straight week of losses. While U.S. stocks closed at a record high on Thursday, aided by…
World Stocks Struggle Near Record Highs; Europe in Focus
November 19, 2021
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Illegal English Channel Crossings Reach New Daily Record
At least 853 people illegally crossed the English Channel to the UK on small boats in a single day on Nov. 3, marking a new record. The Home Office confirmed UK authorities had to rescue or intercept this number of people from 25 incidents. The arrival tally eclipses the previous daily record of 828 set…
Average UK House Price Hits Record £270,027: Index
The average UK house price hit a record high of £270,027 in October, according to an index. The average property value grew by 0.9 percent in October—showing an increase of more than £2,500 during the month, Halifax said. Annual house price inflation accelerated to 8.1%, from 7.4 percent in September. Halifax said it is the…
US Trade Deficit Jumps to Record High in September
WASHINGTON—The U.S. trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday. The Commerce Department said that the trade gap surged 11.2 percent to a record $80.9 billion. Economists polled by Reuters had forecast an $80.5 billion deficit. Exports tumbled 3.0 percent to $207.6 billion in September. Goods…
Euro Zone Producer Prices Make Record Jump in September: Eurostat
BRUSSELS—Euro zone producer prices jumped in September more than expected, driven by skyrocketing energy costs, recording their highest increase on record in a new sign of strong inflationary pressures in the bloc, public data showed on Thursday. The European Union’s statistics office Eurostat estimated that prices at factory gates in the 19 countries sharing the…
Big Tech, Chipmakers Power S&P 500, Nasdaq to Record Highs
November 4, 2021
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The S&P 500 and the Nasdaq hit record highs on Thursday on stellar earnings reports, with investors looking past the Federal Reserve’s asset tapering plan as borrowing costs remain low. The Dow slipped from an all-time closing high hit on Wednesday, dragged down by big banks JPMorgan Chase & Co. and Goldman Sachs Group which…
S&P 500, Nasdaq Open at Record High in a Big Week for Federal Reserve
November 1, 2021
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The S&P 500 and the Nasdaq indexes opened at record highs on Monday, led by gains in Tesla and energy stocks at the start of a week packed with economic data as well as the Federal Reserve’s potential move to slow down bond purchases. The Dow Jones Industrial Average rose 14.09 points, or 0.04 percent,…
Solid Earnings Nudge US Stocks Further Into Record Heights
Technology and health care companies helped push stocks higher on Wall Street Tuesday, nudging major indexes to new highs. The S&P 500 rose 0.2 percent and notched its second all-time high in two days. The Dow Jones Industrial Average rose less than 0.1 percent, good enough for its third straight record high. The Nasdaq also…
S&P, Dow Futures Hit Record Highs as Investors Eye Tech Earnings
October 26, 2021
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The S&P 500 and Dow futures hit record highs on Tuesday as Facebook rose after its quarterly results and a share buyback plan, turning the spotlight on its technology peers set to report later in the day. Facebook Inc. rose 2.5 percent in premarket trading even as the social media giant warned that Apple Inc.’s…
Tesla Drives Toward $1 Trillion Club on Record Hertz Order
October 25, 2021
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Tesla Inc. on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order—100,000 electric rental cars for Hertz. Tesla shares were up 7.5 percent at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news of the company’s Model 3 becoming…
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