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Wall St rises as Fed officials soothe inflation worries - Netscape Money & Business

Wall St rises as Fed officials soothe inflation worries - Netscape Money & Business
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Wall Street set for record open on stimulus, recovery bets

4 Min Read
NEW YORK (Reuters) - The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.
The Nasdaq, however, dipped as technology stocks moved lower, while concerns over rising interest rates kept the benchmark S&P 500 little changed.
Sectors poised to benefit the most from a reopening economy, including energy and financials, had the biggest percentage gains. President Joe Biden has pitched a $1.9 trillion pandemic relief bill and is pressing Congress to pass it in the coming weeks in order to get $1,400 stimulus checks to Americans and bolster unemployment payments. ....

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Wall Street set for record open on stimulus, recovery bets | Hellenic Shipping News Worldwide

Wall Street’s main indexes were set to open at all-time highs on Tuesday, with investors piling into economically sensitive stocks on hopes of more fiscal aid to lift the world’s biggest economy from a coronavirus-driven slump. Morgan Stanley, Goldman Sachs, JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp rose about 1.7% each . ....

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Wall Street's retail frenzy deepens as GameStop, Etsy soar — Agenparl

Wall Street's retail frenzy deepens as GameStop, Etsy soar — Agenparl
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Wall Street's retail frenzy deepens as GameStop, Etsy soar

5 Min Read
(Reuters) - Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk.
A man walks past a GameStop store in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed
GameStop surged 50% in extended trade after Musk tweeted “Gamestonk!!”, along with a link to Reddit’s Wallstreetbets stock trading discussion group, where supporters affectionately refer to the Tesla CEO as “Papa Musk.” “Stonks” is a tongue-in-cheek term for stocks widely used on social media. ....

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