Tag: investors

US stocks climb, led by tech and consumer companies

BY MARLEY JAY NEW YORK (AP) — U.S. stocks are starting higher Monday as investors get back to trading after the Easter holiday weekend. Technology companies are making some of the largest gains and industrial and consumer-focused companies are also rising after the Chinese government said that country’s economy grew at a slightly faster pace in the first quarter. KEEPING SCORE: The Standard & Poor’s 500 index climbed 12 points, or 0.5 percent, to 2,341 as of 11:20 a.m. Eastern time. The Dow Jones industrial average rose 113 points, or 0.6 percent, to 20,566. The Nasdaq composite picked up...

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Split results for stocks on Syria strike and weak government jobs gains

BY MARLEY JAY NEW YORK (AP) — Following a somewhat disappointing jobs report and U.S. missile strikes against Syria, stocks aren’t much changed Friday as investors buy gold and high-dividend stocks and sell banks and other assets. Defense contractors are making substantial gains and the price of oil is rising. KEEPING SCORE: The Standard & Poor’s 500 held steady at 2,356 at noon Eastern time. The Dow Jones industrial average rose 4 points to 20,666. The Nasdaq composite fell 4 points, or 0.1 percent, to 5,874. The Russell 2000 index of small-company stocks fell a fraction to 1,364. The...

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Snapchat parent rockets higher in Wall Street debut

NEW YORK (AP) — The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there’s investor demand for young but still unproven tech companies. Shares of Snap Inc. jumped $7.58, or 44 percent, to close at $24.48 on Thursday. The company had priced its initial public offering of 200 million shares at $17 each on Wednesday. That was above the expected range of $14 to $16. Snap’s IPO was one of the most anticipated for a technology company since Twitter’s in 2013. That, in turn, had created the...

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US stocks start week at new highs on deals and earnings

NEW YORK (AP) — Stocks are breaking records again Tuesday. Energy companies are rising more than the rest of the market. Consumer goods giant Kraft Heinz is falling after it withdrew a $143 billion offer for competition Unilever, but several other food and household goods makers are rising as investors bet Kraft will make an offer for one of those companies instead. KEEPING SCORE: The Dow Jones industrial average climbed 93 points, or 0.5 percent, to 20,717 as of 10 a.m. Eastern time. The Standard & Poor’s 500 index rose 10 points, or 0.4 percent, to 2,361. The Nasdaq...

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Twitter executive Adam Bain heading out as company falters

NEW YORK (AP) — Twitter’s chief operating officer is leaving the company, the latest high-profile departure from the troubled communication service. San Francisco-based Twitter said Wednesday that Adam Bain is stepping down and will be replaced by Chief Financial Officer Anthony Noto. It says it will now look for a new CFO. Bain joined Twitter in 2010 and had been in charge of its business operations and worldwide moneymaking efforts. His departure appeared to rattle investors, many of whom have wanted – but failed – to see the company sold. Twitter’s stock is down nearly 3 percent after hours....

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