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Stocks fall as Chinese Covid protests dampen market sentiment

Stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets, sending oil prices lower — after Wall Street notched gains during the Thanksgiving holiday-shortened week. The Dow Jones Industrial Average fell 160 points, or 0.5%. The S&P 500 and Nasdaq Composite 0.6% and 0.4%, respectively. Over the weekend, demonstrations broke out …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lost 2.5%, Sands China fell 3%, and SJM …

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S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE S&P 500 futures fell slightly Sunday evening ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Futures tied to the broad market index were lower by 0.1%. Dow Jones Industrial Average futures were lower by …

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US cities where you need to earn over $200,000 to afford a home

Homeownership costs continue to squeeze out all but the richest buyers, and potential homeowners now need to earn $200,000 or more in eight US cities to afford a typical home, a new study found. US mortgage payments are up by an average of 45.6% in the last year. And with interest rates for 30-year fixed-rate …

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Stock futures rise as investors assess the prospect of higher interest rates

Stock futures rose Friday as investors continued evaluating earnings reports and tougher language from Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average climbed 80 points, or 0.2%. The S&P 500’s futures traded higher by 0.4%, while the Nasdaq-100 futures advanced 0.5%. Ross Stores and Palo Alto Networks popped in after the two …

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Japan sees core inflation at its highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Central ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank …

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Retirement savers seeking safe havens within 401(k) plans may rule it out

Yongyuan | E+ | GettyImages Data suggests some retirement savers are seeking out safe havens within their 401(k) plans. But the move may hobble those investors in the long run; in fact, it may have done so just last month. Investors sold out of target-date funds and large-cap US stock funds in October in favor …

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Stock futures fall as investors weigh currents of recent earnings

Stock futures fell Thursday as investors responded to the latest batch of quarterly results and awaited a slew of Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average dipped 260 points, or 0.8%. S&P 500 futures slipped 0.9%, while Nasdaq 100 futures also fell 0.9%. Retailer Bath & Body Works jumped more than …

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