Dow ends at record on Fed chief's view and earnings
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U.S. stocks rallied on Wednesday, sending the Dow Jones industrial average to a record close, as investors were relieved by Federal Reserve Chairman Ben Bernanke's comments that inflation is poised to ease while the economy grows moderately.
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NEW YORK  -U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain in more than 4 years, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals. The S&P 500 also ended at a record closing high.
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The Dow Jones industrials rose while the S&P 500 and Nasdaq traded off its lows on Thursday after comments by Federal Reserve Chairman Ben Bernanke raised expectations that Fed policy-makers will make further interest rate cuts.
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Wall Street stocks ended mostly lower Wednesday as investors adopted a wait-and-see approach on the economy, despite Federal Reserve Chairman Alan Greenspan&#39;s bullish assessment on the economy.
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Moving aggressively to stimulate a slowing economy, the Federal Reserve Board yesterday voted unanimously to slice its benchmark interest rate by half a percentage point, its first rate cut in four years, sending the Dow Jones industrial average up 335.97 points, or 2.5 percent. It was the biggest one-day point gain for the Dow in almost five years.
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The Dow soared about 280 points to a record close Thursday, posting its biggest gain in nearly 5 years, on a flurry of takeover activity and some upbeat retail sales numbers.
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Ben S. Bernanke said the Federal Reserve was âprepared to act as neededâ to prevent market woes from spreading while the Dow closed up nearly 250 points as investors went bargain-hunting.
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Two of the major indexes notched record closes after the Fed raised hopes of an interest rate cut.
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NEW YORK, July 19 -- The Dow Jones industrial average closed above 14,000 for the first time Thursday, having climbed 1,000 points in three months as strong corporate earnings overpowered fallout from the deteriorating housing market.
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Stocks rebounded Wednesday after the previous session's 416-point plunge in the Dow industrials, as investors digested a barrage of economic data and found comfort in Federal Reserve Chairman Ben Bernanke's comment that no single trigger was responsible for Tuesday's selloff. Just before 11:30 a.m. EDT, the Dow was up 106.31 at 12,322.55.
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Stocks start trading Wednesday with the Dow at a new record high, but oil prices and comments from Federal Reserve policy makers are likely to determine if they can build on that record, or if they'll give up recent gains.
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Dow closes at record high for second consecutive day as investor get ready for earnings season.
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The Dow Jones industrial average and the S.&P. 500 both closed at record levels for the second straight day, capping a week which saw the Dow surge 295 points.
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Wall Street ended an aimless session barely lower after investors shrugged off comments about productivity by the Federal Reserve chairman.
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The Curious Capitalist: The Fed cuts rates by a half-point, and the stock market cheers  -  not that that means anything
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The Dow Jones industrials set a new high yesterday after the Federal Reserve chairman, Ben S. Bernanke, told a Senate panel that the economy should grow modestly this year and that he expected inflation would continue to ease.
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U.S. stocks rallied on Thursday, sending the Dow Jones industrial average to a record close, as strong profits from such companies as Bear Stearns Cos. boosted optimism about the economy.