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S&P 500 stock index hits new high
New York - The Standard and Poor 500 (S&P 500) hit an intraday record high, as investors appear more optimistic about the growth of the U.S. economy, even amid lingering concerns about global growth.
Robert Reich on why there is a bull market in the US
New York - On his blog, Robert Reich has an article entitled: "Why There's a Bull Market for Stocks and Bear Market for Workers." The article gives some of the reasons for the contrast between the performance of stocks versus that of wages.
Op-Ed: China pulling its companies out of U.S. stock market
Beijing - Several Chinese companies are withdrawing from the U.S. stock market with loans financed by China Development Bank (CDB).
Bad jobs report rocks U.S. stocks at opening
New York - Stocks plunged on opening Friday as the U.S. stock market reeled amid the worst jobs report in a year and an uptick in the unemployment rate.
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