Randy Frederick News
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The Standard & Poor’s 500 Index rose a second week, the longest advance since September, as investors watched developments in government budget negotiations amid better-than-anticipated economic reports.
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When RJ Parsons put stop-loss orders on his 5,000 shares of MannKind Corp. , he thought it would protect him from losing a chunk of his investment.
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U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from the highest level since 2007, as European finance chiefs deadlocked at debt-crisis talks and New York-area manufacturing slumped.
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U.S. stocks slumped, sending the Standard & Poor’s 500 Index down for a third straight day, amid concern Europe’s debt crisis is worsening and after United Parcel Service Inc. lowered its earnings forecast.
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The Standard & Poor’s 500 Index climbed to its highest level since 2008 as the European Central Bank announced specifics of its bond-buying plan and data boosted optimism in the American economy.
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An exchange run by CBOE Holdings Inc. said it will charge retail traders and fund managers 44 cents a contract to buy or sell the SPXpm, an electronic option based on the Standard & Poor’s 500 Index.
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U.S. stocks fell, dragging the Dow Jones Industrial Average down from the highest level since 2007, as data showed companies added fewer jobs than economists projected and euro-region unemployment rose to a 15-year high.
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Stocks fell, the euro weakened for a third day against the dollar and Germany’s five-year note yield fell to a record amid concern about employment markets in Europe and the U.S. Wheat led commodities lower.
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David Siniapkin, a postal worker in York, Pennsylvania, uses some of his retirement money to trade options. After three years and being down as much as $10,000, he’s broken even.
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Mark Watson, an attorney, sold shares of Apple Inc. at 2:47 p.m. yesterday as the Dow Jones Industrial Average had its biggest intraday percentage decline since the market crash of October 1987.
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