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Here’s what happened to the market on Tuesday

Here’s what happened to the market on Tuesday

Finance
Dow Jones Industrial Average unchangedThe Dow was unchanged to close at 27,691.49. The S&P 500 gained 0.16% to end the day at 3,091.84. The Nasdaq Composite advanced 0.26% to 8.486.09. Both the S&P 500 and Nasdaq reached record highs as investors mulled over the latest trade news along with news out of Disney.China is 'dying' to make a dealPresident Donald Trump said at the Economic Club of New York that China was "dying" to make a trade deal. He also lambasted China for cheating the U.S. in previous trade agreements. However, Trump did not offer new details on how the negotiations are progressing. This lack of clarity contributed to the major averages cutting some of their gains. Bottom line, stocks have been in a rip-roaring rally to record highs lately, but expectations aro...
Here’s what happened to the stock market on Friday

Here’s what happened to the stock market on Friday

Finance
Dow Jones Industrial Average rises 6 pointsS&P 500 extends weekly win streak to 5The S&P 500 posted its fifth straight weekly gain while the Dow rose for a third consecutive week. The Nasdaq, meanwhile, notched its sixth straight weekly gain. The major averages also hit record highs this week as sentiment around U.S.-China trade generally improved. Better-than-expected earnings from companies such as Disney and Qualcomm also contributed to the weekly gains. To be sure, President Donald Trump poured cold water on the trade optimism, saying has not agreed to roll back existing tariffs. Earlier in the week, multiple reports suggested China and the U.S. were ready to scrap tariffs as part of a phase-one deal.Disney gains on earningsDisney shares gained 3.76% after the company posted Th...
Here’s what happened to the stock market on Wednesday

Here’s what happened to the stock market on Wednesday

Finance
Dow Jones Industrial Average rises 115 pointsThe Dow gained 115.27 points, or 0.43% to close at 27,186.83. The S&P 500 climbed 0.33% to 3,046.77. The Nasdaq Composite advanced 0.33% to 8,303.98. The Federal Reserve struck the right tone with investors, noting it is a long way from hiking rates.Fed hits right noteThe Fed managed to walk a tight rope of keeping the door open to further rate cuts but raising the bar for further policy moves moving forward. The central bank removed a phrase from its statement that said the Fed will " to sustain the current expansion. This signaled a pause to Fed rate cuts. However, Fed Chairman Jerome Powell also said inflation would need to rise significantly before the central bank thinks about hiking.GE shares surge, Yum Brands crumblesGE shares surged ...
LIC dominance of India’s life insurance market nears three-fourth mark

LIC dominance of India’s life insurance market nears three-fourth mark

Finance
MUMBAI: State-run insurance giants, Life Insurance Corporation (LIC) has further increased its dominance in India’s life insurance market with a six percent jump market share between April to September. The insurance giant’s share in the overall pie now stands at 72 percent in a market where several state-run life insurers are increasingly outdoing their private competitors in getting new businesses. LIC registered a business growth of 18 percent in September against last year, and a very robust 42 percent in the first half of the financial year between April and September, the latest data released by insurance regulators IRDAI showed. “Recent months have seen strong new business growth for LIC taking its market share to 72%…Retail business has shown strong traction with a 22 percent growt
Trade is holding market ‘hostage’ despite new optimism, top investor says

Trade is holding market ‘hostage’ despite new optimism, top investor says

Finance
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Despite President Donald Trump's decision to suspend this week's U.S. tariff increases on $ 250 billion of Chinese goods, Mills questions whether it's enough to boost stocks into year-end."The market has basically been held hostage by the trade negotiations," the firm's chief investment officer told CNBC's "Trading Nation" on Friday. "I don't know that we're out of the woods yet with China. We still have trade negotiations going on with the EU [and] the ratification of NAFTA 2.0."Yet, stocks closed the week on a high note. With trade optimism filtering through Wall Street, the Dow rose almost 320 points or 1.2% on Friday. The S&P 500 also rallied more than one percent. Plus, both indexes broke three...