Wall Street gains ground as it notches a winning week and another Dow record
NEW YORK — Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones industrial average notched another record high.
The Standard & Poor’s 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week.
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Read MoreTech stocks are reaching a key threshold that could spell the end of 'US exceptionalism' trades, BofA says
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- BofA is watching how the tech-heavy Nasdaq 100 is trading against the S&P 500.
- It says a decline in the ratio between the two indexes could signal the end of the “US exceptionalism” trade.
- The measure is currently hovering near its highest level since 2000.
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Read MoreThe ‘linked benefits’ of index investing
Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The writer is a former chair of Yale’s Investment Committee, an ex-board member of Vanguard and the author of 21 books including the forthcoming Rethinking Investing
The idea of linked costs was made clear to me by my father when I was 11 and he asked: “Why does the cinema charge you kids only 20 cents for admission?”
“Because we’re kids?” was my reply.
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Read MoreNext Cryptocurrency to Explode, 24 November — The Sandbox, Kusama, Dymension, Gala
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The cryptocurrency market experiences changes and developments that shape investment choices every day. Late last month, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things are already starting to look up for many investors.
Read MoreThe Burst
Is United Airlines Set To Crash?
United Airlines has a strange pattern over the next month and a half. In 11 of the past 18 years it has a bizarre bearish pattern where it falls by on average almost 5% over that time frame.
What is it about this time of year when you might anticipate travel bookings are ramping up that this airline has a consistent history of falling by such a large amount?
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Read MoreThe Ivy
What The Heck Does Buffett Know?
Buffett seems to know something about where energy prices are going, but what is it? Why is he taking such a large stake in Occidental Petroleum when the share price has been drastically underperforming the broader-based market?
Up just 9.4% in the past 12 months and 4.3% so far this year, OXY is a laggard relative to the S&P 500,
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Read MoreThe Spotlight
51% Of Buffett’s Portfolio Is In 1 Stock
Warren Buffett is one of the most successful investors of all time. He has made billions of dollars by following a simple investment philosophy: invest in companies with strong competitive advantages that are trading at fair prices.
One of Buffett’s favorite companies is Apple now represents an astonishing 51% of his entire stock portfolio.
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