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Technology stocks helped pull stocks lower on Wall Street Wednesday, handing the market its first loss in more than a week. The loss snapped a seven-day winning streak for the benchmark index.
Here's what else happened today: The stock market's record-breaking run could spell bad news for investors in 2025 , a research firm says. Use any market correction to load up on Magnificent Seven ...
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The company was founded in 1999 as Daiwa Securities SB Capital Markets Co. Ltd., a joint venture between Daiwa Securities Group (Daiwa) and Sumitomo Bank (SB). It was renamed in 2001 to Daiwa Securities SMBC Co. Ltd., after Sumitomo Bank merged with Sakura Bank on 1 April 2001 to form Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned ...
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The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. On the losing end of Wall Street was U.S. Steel, which fell 8%.
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%.