Robert Lutts News
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The Standard & Poor’s 500 Index rose to a record, wiping out losses from the financial crisis, as economic growth slowed less than previously estimated and concern about Europe’s debt crisis eased.
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Emerging-market equities dropped for a fourth day, the longest losing streak in five weeks, as declines in Philippine and Indonesian stocks outweighed an unexpected drop in American jobless claims.
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The Dow Jones Industrial Average climbed to another record high as the number of Americans who filed for unemployment benefits fell to a six-week low, showing further improvement in the labor market.
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U.S. stocks rallied, sending the Dow Jones Industrial Average above 14,000 for the first time in five years, as data on the labor market and manufacturing boosted confidence in the world’s biggest economy.
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China’s stocks are in a “solid bull market” and the nation’s indexes may rise 20 percent in the next six months, according to Robert Lutts, president and chief investment officer of Cabot Money Management.
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Malaysia’s bid to secure natural gas supplies in Canada is turning Encana Corp. and Talisman Energy Inc. into two of the industry’s cheapest targets.
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Malaysia’s bid to secure natural gas supplies in Canada is turning Encana Corp. and Talisman Energy Inc. into two of the industry’s cheapest targets.
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U.S. stocks slipped, pulling the Standard & Poor’s 500 Index down from an almost three-month high, as an unexpected increase in jobless claims fueled concern the economic recovery is slowing.
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U.S. stocks rose, pushing the Dow Jones Industrial Average to its first close above 12,000 since June 2008, after American and Chinese manufacturing expanded and United Parcel Service Inc. beat analysts’ earnings estimates.
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Technology companies are suffering some of the U.S. stock market’s biggest losses, sending the Nasdaq-100 Index to the longest losing streak in its 25-year history.
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