It was a busy morning at IBM. The computer giant’s board of directors authorized an additional $10 billion for the company’s stock repurchase program and declared a regular quarterly cash dividend of 65 cents.
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Solid quarterly earnings and anticipation of more stimulus from the Fed have helped lift the Dow by 400 points over the past two weeks. However, another boost is coming from individuals who’ve begun moving money from bonds to e…
Stocks closed mixed Friday as another round of solid third-quarter earnings reports was checked by rising anxiety about the dollar. Despite the uncertainty, stocks pulled off their third straight week of gains.
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Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
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Stocks closed mixed Friday as Google’s strong earnings lifted tech stocks but mounting concern over the foreclosure crisis and a revenue miss from GE weighed on financials and the broader market.
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