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Wall Street climbs to the cusp of records as oil prices jump

NEW YORK (AP) — U.S. stocks rose to the cusp of their records on Thursday, as oil prices jumped after President Donald Trump announced “massive” new sanctions on Russia’s crude industry. The S&P 500 climbed 0.6% and crept back within 0.2% of its all-time high set earlier this month. The Dow Jones Industrial Average added 144 points, or 0.3%, and finished just below its own record set earlier this week, while the Nasdaq composite rose 0.9%. Companies in the oil and gas business led the way, including gains of 1.1% for Exxon Mobil, 3.1% for ConocoPhillips and 3.4% for ...

U.S. stocks and gold sink, while meme stocks swerve, as momentum reverses on Wall Street

NEW YORK (AP) — U.S. stocks and the price of gold fell on Wednesday, as momentum on Wall Street reverses. The S&P 500 sank 0.5%, though it’s still within 1% of its all-time high set earlier this month. The Dow Jones Industrial Average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite fell 0.9%. Netflix helped drag the market lower after delivering a weaker profit for the latest quarter than analysts expected. The pressure is on the video streamer and on companies broadly to deliver solid growth in profits. That would counter criticism ...

Dow hits a record as 3M, Coca-Cola and other big U.S. stocks climb

NEW YORK (AP) — The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer. The Dow rose 218 points, or 0.5%, and topped its prior all-time high, which was set early this month. The S&P 500 index, ...

Apple’s rally pulls Wall Street to the cusp of its record

NEW YORK (AP) — U.S. stocks rallied on Monday to the cusp of their records. The S&P 500 climbed 1.1% and pulled within 0.3% of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, or 1.1%, and the Nasdaq composite gained 1.4%. Apple led the way and rose 3.9% amid optimism about demand for its latest iPhone design. It was the strongest force lifting the S&P 500 and set its own record high. Cleveland-Cliffs jumped 21.5% after the steel company’s CEO, Lourenco Goncalves, said it would provide details soon about a potential deal with a major ...

U.S. stocks drop on worries about banks

NEW YORK (AP) — U.S. stocks fell on Thursday, hurt by drops for midsized banks as worries flare about the loans they’ve made. The S&P 500 slid 0.6% in its latest up-and-down day after erasing a morning gain. The Dow Jones Industrial Average dropped 301 points, or 0.7%, and the Nasdaq composite lost 0.5%. Zions Bancorp. tumbled 13.1% after the bank said its profit for the third quarter will take a hit because of a $50 million charge-off related to loans made to a pair of borrowers. Zions said it found “apparent misrepresentations and contractual defaults” by the borrowers and ...

U.S. stocks rise after swinging through another erratic day

NEW YORK (AP) — Most U.S. stocks rose Wednesday following another topsy-turvy day on Wall Street. The S&P 500 added 0.4%, but only after jumping toward one of its biggest gains since the summer, erasing it all and then climbing back. The Nasdaq composite climbed 0.7% after earlier ...