Wall Street makes modest gains ahead of Fed rate announcement, Trump-Xi meeting
NEW YORK (AP) — The U.S. stock market is ticking further into record heights on Tuesday.
The S&P 500 rose 0.2% in early trading. The Dow Jones Industrial Average was up 294 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% higher. All three indexes are coming off their latest all-time highs.
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Read MoreCathie Wood Names Humanoid Robots Top AI Investment – Here’s Why
TLDR
- Ark Invest’s Cathie Wood told CNBC that humanoid robots will be the largest embodied AI opportunity ahead of robotaxis and healthcare applications
- Tesla displayed its Optimus robot in Times Square on Monday,
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Read MoreStocks are still king for long-term investing, Deutsche Bank says
If you’re investing for the long haul, history shows stocks will deliver the win.
Over the past 200 years, equities have delivered real returns of 4.9% per year, according to Deutsche Bank’s long-term asset return study, which analyzed data from 56 economies dating back to the 1800s. A traditional 60/40 portfolio came close at 4.2%,
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Read MoreCity trader sues UBS after rate-rigging conviction quashed
The original case against Mr Hayes was brought by the Serious Fraud Office.
He was among 19 City traders convicted in the US and/or the UK for manipulating so-called Libor and Euribor interest rates, which are used to set borrowing costs on a range of loans such as mortgages and car finance deals.
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Read More1 AI Stock That Could Soar in November
Key Points
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Nvidia is the primary computing unit supplier in the AI arms race.
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Nvidia’s chips still aren’t allowed to be sold in China.
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Read MoreThe Burst
Could Dell Rise 43.4%?
Dell has been around for more than 30 years and, in the past, focused mainly on manufacturing computers and other hardware, but recent acquisitions have broadened its offerings to include software, cloud-based services, data protection and more.
Given the uncertain economic climate, concerns loom over whether Dell can thrive? Will it prosper,
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Read MoreThe Ivy
Down 30%, Is It Time To Buy This Pharma Giant?
Bristol Myers Squibb (BMY) poses something of a conundrum to investors at the moment. On the one hand, the share price has dramatically underperformed the market, leading to concerns that further declines are on the horizon. And on the other hand, the valuation is starting to look really attractive to bargain hunters.
So,
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