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Amazon lost $1 trillion in market capitalization this year

Amazon lost $1 trillion in market capitalization this year

Photo: Drew Angerer (Getty Images) Amazon, one of the first companies to join the prestigious $1 trillion valuation club, has just taken another step, certainly less desirable. This week, Jeff Bezos Any store became the first publicly traded company to lose $1 billion in market valuation. Star Wars: Shatterpoint trailer 02:27 The first things to …

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The Dow soars, Big Tech falls: What's next for stocks as investors await Fed guidance

The Dow soars, Big Tech falls: What’s next for stocks as investors await Fed guidance

Last week offered a story of two markets, with gains for the Dow Jones Industrial Average putting the premier gauge on track for its best October on record while Big Tech heavyweights suffered a bombardment that reminded market veterans of the dot-com bust in the early 2000s. “You have a tussle,” Dan Suzuki, deputy chief …

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Dow closes 800 points higher on Friday, posts fourth straight week of gains

Dow closes 800 points higher on Friday, posts fourth straight week of gains

Shares rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and stable consumption. The Dow Jones Industrial Average closed at 828.52 points, or around 2.6%, up at 32,861.80. The S&P 500 added almost 2.5%, to close at 3,901.06. The Nasdaq Composite ended up around 2.9%, closing at 11,102.45. …

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Stocks May Continue to Rise as Apple and Big Tech Earnings Report Week Ahead

Stocks May Continue to Rise as Apple and Big Tech Earnings Report Week Ahead

Stocks are expected to take inspiration from the bond market over the coming week as investors assess earnings from leaders Apple, Microsoft and Alphabet. Strategists continue to watch market trading patterns for signs that a bottom is forming after the Oct. 13 washout, when the market first fell and then surged following a report on …

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