Peter Kenny News
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When a false report of explosions at the White House instantly wiped more than $136 billion off the value of U.S. stocks, Jonathan Corpina didn’t need a powerful computer.
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U.S. stocks sank for the week, sending the Dow Jones Industrial Average to its longest losing streak since August 2011, as investors fixated on federal budget negotiations between President Barack Obama and Congress.
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The New York Stock Exchange , the symbol of American capitalism for more than a century, may merge with a German rival after losing ground to smaller competitors.
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The Standard & Poor’s 500 Index erased losses in the final hour of trading as investors weighed the Federal Reserve’s latest policy minutes for evidence that the central bank may be closer to additional stimulus actions.
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U.S. stocks pared losses in the final half hour of trading as investors debated whether the Federal Reserve will embark on another economic stimulus program. The Dollar Index touched a two-year high while commodities gained and Treasuries were little changed.
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U.S. stocks fell, capping a fourth straight weekly slump for the Standard & Poor’s 500 Index, as the cheapest price-earnings ratios since 2009 failed to lure investors amid concern the global economy is weakening. The yen touched a post-World War II high against the dollar.
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U.S. stocks advanced, trimming the biggest weekly decline since October 2008 for the Dow Jones Industrial Average, amid speculation that policy makers will act to prevent a global financial crisis from getting worse.
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U.S. stocks fell, posting the fourth straight weekly slump for the Standard & Poor’s 500 Index, as the cheapest price-earnings ratios since 2009 failed to lure investors amid concern the global economy is weakening.
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Bank of America Corp. and Citigroup Inc. led U.S. bank stocks lower as a weak U.S. economy, Europe’s debt crisis and losses linked to souring home loans threaten to undermine financial industry earnings.
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U.S. stocks fell, dragging the Dow Jones Industrial Average to its lowest level in three months, as the seizure of a Spanish bank and rising borrowing costs spurred concern Europe’s debt crisis will halt the global recovery.
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