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Markets Right Now: Banks lead stocks to more record highs

NEW YORK (AP) — The latest on developments in financial markets (All times local): 4 p.m. Stocks climbed to more record highs on Wall Street, led by big gains in banks. Banks were benefiting from higher bond yields Tuesday, which allow them to charge higher interest rates on loans. Bank …

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Tom Lee explains a divergence between stocks and the U.S. dollar

A weakening U.S. dollar is having a peculiar impact on stocks this year, specifically when it comes to the behavior of value and growth stocks, according to Tom Lee, founder and head of research at Fundstrat Global Advisors. Since the mid-1990s, investors could practically “set their watch” to consistent relationships …

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Stocks Back at Highs as Apple Gains on iPhone 8, iPhone X Release

If you’d like to receive our daily “5 Things You Must Know” newsletter, please register here. Stocks returned to session highs on Tuesday, Sept. 12, as Apple Inc. (AAPL)  laid out its latest product launches, including a new version of its smartwatch and iPhone.  The Dow Jones Industrial Average was up 0.27%, while the …

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Stocks set new highs as Irma, North Korea fears ebb

NEW YORK (Reuters) – The S&P 500 and a gauge of global equity markets hit new highs on Tuesday as the feared impact of Hurricane Irma waned and the easing of tensions with North Korea helped drive a sell-off in global bond markets. The U.S. dollar clung to its gains, …

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