U.S. stocks opened slightly higher on Tuesday, with the Dow hitting another record, ahead of the two-day Federal Reserve meeting.Read More »
U.S. stocks rose on Tuesday, with the Dow hitting its latest in a string of records as investors awaited the start of a two-day meeting of Federal Reserve policy makers. The Dow Jones Industrial Average DJIA, +0.10% rose 32 points, or 0.1%, to 22,364, hitting an all-time high in early trading. On Monday, the blue-chip average notched its 40th record close of the year. It is currently on track for its eighth straight daily gain, its longest streak since August. The S&P 500 index SPX, +0.04% rose 1.5 point to 2,505, a rise of less than 0.1%. The S&P also ended at a record on Monday, its 35th of 2017, but it is a few points below its own intraday peak. If the benchmark index ends higher on Tuesday,
The Dow Jones Industrial Average was up 0.07%, the S&P 500 added 0.03%, and the Nasdaq fell 0.07%. Any gains for the Dow and S&P 500 would put the indexes at records by the close. A generally upbeat mood propelled stocks upward the day before, pushing the S&P 500 and Dow Jones Industrial Average to new heights.
Amazon.com (AMZN) kicked off its Whole Foods takeover on Aug. 28 by slashing the prices of avocados, kale and other items at the "Whole Paycheck" grocery chain by as much as 43%. Who could argue with that? Consumer welfare has been the foremost concern of U.S. antitrust law since the 1980s, with price hikes seen as the surest sign of monopoly power. Yet a growing chorus of critics complain that Amazon and fellow internet giants Facebook (FB) and Google-parent Alphabet (GOOGL) are becoming too dominant, snuffing out competition, innovation and even freedom of expression. Wall Street is starting to ponder a trillion-dollar question: Could the Whole Foods buyout mark a turning point that leads to