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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET WALL STREET OPENS LOWER AFTER GDP REPORT U.S. stocks fell at the open amid concern over economies in Europe and Russia as data showed slower growth in America. The U.S. economy expanded at a slower pace than forecast in the fourth quarter as cooling business investment, a slump in government outlays and […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET WALL STREET OPENS LOWER AFTER FED STATEMENT U.S. stocks opens lower after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. Alibaba dropped 9.6 percent after the company’s revenue missed Wall Street expectations. Qualcomm weighed the […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET APPLE, BOEING LIFT WALL STREET; FED EYED U.S. stocks fluctuated at the open as a rally in Apple and Boeing offset losses in energy shares while investors awaited the Federal Reserve’s interest rate decision. Apple climbed 7.8 percent after reporting a record $18 billion in quarterly profit, one of the biggest in […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. STOCKS SLIDE AS MICROSOFT TO CATERPILLAR RESULTS DISAPPOINT U.S. stocks tumbled as a drop in durable-goods orders and disappointing results from Caterpillar to Microsoft heightened concern about the economy’s strength. The Dow Jones Industrial Average declined 289.28 points, or 1.6 percent. Caterpillar plunged 7.4 percent after forecasting 2015 results that trailed […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET WALL STREET OPENS LOWER AFTER GREEK ELECTIONS The leftist Syriza party looked set to take on Greece’s international lenders, with leader Alexis Tsipras pledging to end five years of austerity and renegotiate Greece’s debt agreements. While Greece is a relatively small economy to which the United States has limited direct exposure, extended […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. STOCKS DECLINE AT THE OPEN ON UPS; EUROPE EQUITIES RISE ON ECB U.S. stocks fell modestly at the open on Friday, pressured by some disappointing results from major multinational companies. Wall Street jumped on Thursday, with the S&P 500 and NASDAQ returning to positive territory for the year, after the ECB […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. STOCKS ADVANCE AT OPEN ON EARNINGS AS ECB EXPANDS STIMULUS   The ECB will buy 60 billion euros worth of assets per month, more than expected, in a program that will last through September 2016. Verizon fell 2.2 percent after swinging to a net loss in its latest quarter, while revenue […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET WALL STREET EDGES UP AT OPEN ON ECB HOPES, BUT IBM WEIGHS S. stocks fluctuated, after a two-day advance in the Standard & Poor’s 500 Index, as investors analyzed corporate earnings and the prospects for more stimulus from the ECB. The ECB has proposed a quantitative easing program that would see the […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. STOCKS FLUCTUATE AS OIL SINKS; EUROPE SHARES GAIN U.S. stocks fell as energy shares slid with oil and Johnson & Johnson sank after forecasting a drop in profit. European and Asian equities advanced as China’s economy grew more than estimated and investors speculated the ECB will boost stimulus. The IMF cut […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET WALL STREET STEADIES ON HEELS OF SWISS MOVE AND CONSUMER CONFIDENCE DATA U.S. stocks advanced modestly on Friday. The Swiss National Bank decided to drop its currency cap, set in September 2011 to shield the economy from the euro area’s debt crisis. Data today showed consumer confidence jumped in January to the […]

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