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  • American City Business Journals6 minutes ago

    Dow back above 22,000 despite Trump, CEO chaos; another bump up for Freeport-McMoRan

    Stocks edged up today as U.S. President Donald Trump criticized Amazon.com Inc. (AMZN) and disbanded two CEO councils after executives resigned from the posts over his response to the alt-right protests and violence that left a woman dead. The 30-stock Dow passed the 22,000 mark for the first time ever earlier this month but dipped lower last week after Trump promised North Korea “fire and fury like the world has never seen” if it continued increased aggression toward the U.S. The S&P 500 and Nasdaq also edged up even as the CEOs of 3M (MMM), Intel Corp. (INTC) and United Technologies (NYSE:UTEX) stepped down from two Trump CEO councils as their companies and brands faced social media pressure.

  • Barrons.com1 hour ago

    Divergent Beliefs: Dow Gains 25 Points as Fed Debates Inflation, CEOs Abandon Trump Councils

    Stocks barely moved today as the corporate exodus from President Donald J. Trump's business advisory councils overshadowed the release of the minutes from July's FOMC meeting. The president disbanded two corporate panels, as it became clear that there wouldn't be anything left to disband. BlackRock's Larry Fink, for one, wrote to employees that "such racism and bigotry must not just be condemned, but must be condemned unequivocally." The noise in Washington overshadowed the Fed minutes, which showed a panel divided about the path of inflation, which remains stubbornly low inflation.

  • MarketWatch1 hour ago

    This is the ‘wall of worry’ that stocks have climbed to rally 271% since 2009

    Even as humanity faced the specter of a nuclear war and violence broke out on the streets of Charlottesville, Va., stocks took the alarming news bulletins in stride, continuing to scale the “wall of worry” ...