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financial market news


Technically speaking, the major U.S. benchmarks have sustained a break to record territory amid still conspicuously muted November selling pressure. Against this backdrop, the big three benchmarks remain near-term extended — and are due a cooling-off period, if not a corrective pullback — though the more important longer-term market bias remains comfortably bullish. …

Text size Photograph by John MacDougall/AFP via Getty Images Hedge funds leaned into technology and industrial stocks in the third quarter, while moving away from consumer staples and real estate. Within 45 days of the end of each quarter, hedge funds must report their portfolio holdings to the Securities and Exchange Commission on a regulatory …

Ray Dalio, the founder of hedge-fund behemoth Bridgewater Associates, believes investors haven’t necessarily been investing on a firm footing and that’s a condition that will eventually have to be rectified. ‘They’re selling dreams they’re not selling earnings and they’re not even selling a path to earnings.’ Ray Dalio The …

The Dow Jones Industrial Average climbed Monday to its first record since mid-July, the latest example of investors’ faith in the domestic economy powering U.S. stocks to fresh highs. Buoyed by optimism about a U.S.-China trade accord and last week’s upbeat figures on third-quarter economic growth and October hiring, the blue-chip index climbed 0.4% to …

Wall Street is enjoying a record-setting rally for the S&P 500 index. But that shouldn’t come as a surprise to stock-market history buffs. From a statistical standpoint, Oct. 28 is the day that, on average, has produced the best gain for the S&P 500 over the past seven decades, said Ryan Detrick, senior market strategist …

Is three the magic number for Wall Street? We’ll soon find out. Only a few think that Jerome Powell & Co. will not cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee. Market-based probabilities imply a 93.5% chance of a quarter-of-a-percentage-point rate reduction to …

Reports that the White House may be looking to clamp down on capital flows into China roiled Wall Street on Friday, as investors with exposure to Chinese firms struggled to make sense of what such moves would entail. Trump administration officials were having preliminary discussions on ways to limit Chinese companies from trading on U.S. …

‘In these factious times, investors are hard put to find their footing. They face rising uncertainty but falling returns. By some measures, uncertainty about economic prospects is currently highest on record. Further, policy makers seem to have limited ammunition to reflate economies.’ That’s the bleak assessment of the global landscape offered …

U.S. stocks were firmly lower Tuesday after the U.S. launched a new round of tariffs on $112 billion in Chinese goods Saturday, with China retaliating with new levies of its own, while a key gauge of the U.S. manufacturing sector signaled the first contraction in activity in three years. The new trade barriers and a …

An accounting expert who raised red flags about Bernie Madoff ’s Ponzi scheme has a new target: General Electric Co. GE -7.64% In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers …