Bank Earnings Propel Wall Street To Record Peaks, Oil Plunges Below $70, Gold Shines At All-Time Highs: This Week In The Market - Apple (NASDAQ:AAPL), SPDR Gold Trust (ARCA:GLD)

Bank Earnings Propel Wall Street To Record Peaks, Oil Plunges Below $70, Gold Shines At All-Time Highs: This Week In The Market – Apple (NASDAQ:AAPL), SPDR Gold Trust (ARCA:GLD)

Wall Street powered ahead this week as stronger-than-expected bank earnings and upbeat guidance pushed the S&P 500 and Dow Jones Industrial Average to record highs. The September retail sales report positively surprised expectations, while a notable drop in weekly jobless claims reinforced the perception that the U.S. economy remains strong. This momentum has led some…

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Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…

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