For the fourth straight trading session, U.S. stocks climbed on news that General Electric Co. (NYSE: GE) and Morgan Stanley (NYSE: MS) and other companies beat quarterly expectations.
The Dow Jones today gained 89 points to close at 16,262.50. The S&P rose 12 points to close at 1,842.98, and the Nasdaq added 11 points to close at 4,034.16.
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U.S. stock futures were weak this morning as Wall Street looks to looming tensions in Ukraine and worse-than-expected Chinese data.
The Dow Jones Industrial Average rose 146 points on Monday to finish at 16,173.24. The Nasdaq increased by 22 points to finish at 4,022.69, while the S&P 500 added 14 points to end the day at 1,830.61.
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First, Bitcoin dipped below the $400 threshold on Thursday on growing concerns about forthcoming Chinese regulation.
Markets plunged on Thursday despite positive economic data on unemployment benefits.
Everyone’s talking about Michael Lewis’ latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.
What they’re not talking about is how the markets have been set up for institutionalized rigging.
I’m not kidding.
The markets are rigged. You’re going to have to get over it and deal with it.
Greece will return to the international bond market this month, and other news capsules.
Chalk one up for the good guys.
The IEX exchange, a new stock platform that launched Oct. 25 of last year, was designed to negate the advantage that Wall Street’s high-frequency traders have over everyone else.
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