Dow Jones Industrial Average News
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Most U.S. stocks fell after paring early losses for a second day, as investors weighed prospects of economic growth with concern the Federal Reserve will reduce stimulus efforts.
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U.S. stocks recovered from early losses for a second day as investors weighed prospects of economic growth with concern the Federal Reserve will reduce stimulus efforts. Japanese shares rebounded from their largest drop since 2011, while commodities fell for a fourth day.
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U.S. stocks retreated, giving benchmark indexes their first back-to-back drops in one month, as a contraction in China manufacturing offset American housing data and investors weighed Federal Reserve stimulus comments.
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U.S. stocks pared losses, with the Standard & Poor’s 500 Index recovering more than half of an early 1.2 percent plunge.
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West Texas Intermediate oil fell for a third day as Chinese manufacturing contracted and speculation mounted that the Federal Reserve will cut bond purchases.
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Any lament that U.S. executives are sitting on cash at their companies instead of investing in plants and equipment may be about to get louder.
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U.S. stocks fell, with benchmark indexes retreating from record highs, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues to improve.
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Washington is awash in scandals. The White House is fending off inquiries on three fronts: its response to the terrorist attack on a U.S. diplomatic outpost in Benghazi; the Internal Revenue Service’s scrutiny of conservative groups seeking tax exemptions; and the Justice Department’s broad seizure of Associated Press phone records in a leak probe.
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U.S. stocks slid, dragging benchmark indexes to their worst drop in three weeks, and Treasuries and gold tumbled on concern the Federal Reserve will scale back stimulus efforts if the labor market improves.
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Saks Inc. hired Goldman Sachs Group Inc. to explore strategic alternatives, including a sale of the company, said two people with knowledge of the matter.
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