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Market Extra: Dow scores fastest 1,000-point move in history as it tops 33,000 milestone — here’s what drove it there

No one is likely to order any ball caps emblazoned with “Dow 33K,” but America’s most well-known stock index cleared another 1,000-point milestone on Wednesday. The Dow Jones Industrial Average DJIA, +0.58% ended the day up 189.42 points, a gain of 0.6%, to close at a record 33,015.37, just five …

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Earnings Results: Applied Materials tops Street view on results, stock gains on strong outlook

Applied Materials Inc. late Thursday announced results and an outlook that topped Wall Street estimates, but the stock didn’t start taking off until the company started shedding light on what is driving its strong forecast. Applied Materials AMAT, -1.97% shares fluctuated between gains and losses before the analyst call started …

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Earnings Results: AMD expects gaming, data center to remain strong in 2021 as quarterly revenue tops $3 billion for first time

Advanced Micro Devices Inc. expects strong data-center and gaming sales to keep sales strong into 2021 after the chip maker topped $ 3 billion in quarterly revenue for the first time late Tuesday and its results and outlook both topped Wall Street estimates. AMD AMD, +0.62% reported fourth-quarter net income of …

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Coronavirus update: Global case tally tops 35 million and doctors are alarmed that Trump’s Sunday jaunt put his security detail at risk

The number of confirmed cases of the coronavirus that causes COVID-19 climbed above 35 million on Monday, as doctors expressed alarm at President Donald Trump’s decision to leave his hospital bed to wave to supporters from a motorcade on Sunday, saying he has put all of the people in the …

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Europe Markets: Gold rallies to record and euro tops $1.17 while European travel stocks slump on Spain quarantine

Passengers wearing a face mask or covering due to the COVID-19 pandemic, arrive at Heathrow airport, west London, on July 10, 2020. daniel leal-olivas/Agence France-Presse/Getty Images Gold surged to a record and the dollar weakened Monday while European travel stocks slumped. As U.S. lawmakers debate another round of stimulus and …

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Coronavirus update: Global cases of COVID-19 edge closer to 14 million as U.S. sets record case tally, Brazil tops 2 million

The number of confirmed cases of the coronavirus illness COVID-19 edged closer to 14 million on Friday, as the U.S. counted a record number of cases in a single day and regions around the world resumed restrictions on movement in a battle to contain the spread. Brazil’s case tally rose …

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Market Snapshot: S&P 500 tops 3,200 and Nasdaq hits record, lifted by renewed hope of coronavirus vaccine

Stocks rallied Monday as investors cheered news that the Food and Drug Administration granted “fast track” status to a pair of vaccine candidates produced by Pfizer Inc. and German biotech firm BoNTech SE. The upbeat mood on Wall Street comes even as investors prepare for a tough earnings season. What …

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