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Wall Street on front foot after volatile week

Wall Street on front foot after volatile week

Business
Wall Street made strong gains on Monday as technology and financial shares helped it recover from its worst week in two years.New York's Dow Jones Industrial Average closed more than 400 points, or 1.7%, higher - also helped by details of Donald Trump's budget. The gain built on a 1.4% upturn in the previous session.The FTSE 100 started the week on the front foot too, adding more than 1% after falling by a similar amount on Friday.Markets have been enduring a volatile spell since 2 February, when strong US jobs and wage growth figures raised the spectre of rising inflation and accelerating interest rate hikes.The fear that the era of cheap money could be coming to an end proved the catalyst for a major sell-off for stock indices both in the US and across the globe - widely seen as a "corre...
How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

Finance
With another volatile plunge Friday, the Dow Jones industrial average has traveled more than 22,000 points this week. The stock index closed more than 1 percent higher, bringing its weekly losses to the worst since January 2016. Earlier in the session, the Dow was tracking for its worst week since October 2008, during the financial crisis. CNBC tracked the volatile moves of the Dow this week to calculate the number of points the index has moved. In the past five trading days, including Friday, the Dow has traded about 20,000 points back and forth in a roughly 2,000-point trading range. Stocks have plunged in the last week as traders worried about rising interest rates and inflation, bringing an end to more than a year of historically low volatility. On Monday, the S&P 500 broke its lon...
'Family-friendly' plots to return to Coronation Street, say bosses

'Family-friendly' plots to return to Coronation Street, say bosses

Entertainment
ZENPIX LTDPLOT: Corrie bosses promised to bring back storylines that will 'cater for everyone'Corrie bosses promised the ITV soap would “cater for everyone” after being blasted over recent dark plotlines.They said Coronation Street will still feature “high drama”.But it will be “balanced out with the emotional family domestic drama” which was “Corrie at its best”.And they even promised some “comedy”.GettyDRAMA: Murderous Pat Phelan is set to suffer his 'demise', say bosses “As long as we cater for everyone in the mix then I think we’re doing OK” Kate OatesBut the long-running soap will still feature hard-hitting storylines – for now.Weatherfield chiefs yesterday filmed a mass brawl as David Platt and pal Josh came to the aid of Alya when she spotted the racist Parker br
Midday Update: Stocks Retreat From Record Highs as Wall Street Assess Geopolitical Risks, Tax Reform Debate

Midday Update: Stocks Retreat From Record Highs as Wall Street Assess Geopolitical Risks, Tax Reform Debate

Finance
Shutterstock photoWall Street's major indices retreated from record highs into negative turf on Tuesday as tax reform debate in Congress along with fresh geopolitical risks in the Middle East rekindles risk aversion.Financial stocks are leading decliners with Dow component stocks Goldman Sachs ( GS ) and JP Morgan ( JPM ) causing the bulk of the blue chips' losses. The energy sector is also underwater after West Texas intermediate ran into profit-taking before challenging the $ 60 per barrel mark.US stocks were flat to slightly lower at the open in sympathy with European bourses, which reversed early gains following a significant miss on German production data along with worries about war erupting between Saudi Arabia and Iran, as well as the fallout from the "Saudi purge" this weekend.S...
Reports: USB stick with high-level security info of Heathrow airport found in street

Reports: USB stick with high-level security info of Heathrow airport found in street

World
Oct. 29 (UPI) -- A USB stick containing high-level security information details of London's Heathrow airport was found on the street by a pedestrian, according to reports.The Sunday Mirror first reported that the USB stick was found and that it contained information about Queen Elizabeth's route at the airport and security measures used to protect her, timetables for police patrols to guard against potential suicide bombers and terrorist attacks, and other security information for one of the world's busiest and most important airports.A spokesperson told CNN that airport authorities are looking into the potential security breach."We have reviewed all of our security plans and are confident that Heathrow remains secure," the spokesperson said. "We have also launched an internal investigatio...