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U.S. stocks rise as S&P reaches record high
The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports in the consumer sector and relative calm in the ongoing trade war between the United States and China.
U.S. buyback announcements slow, but on track for $1 trillion: TrimTabs
U.S. companies' taste for their own shares is set to push buybacks past the $1 trillion-a-year mark for the first time as soon as November, TrimTabs Investment Research said, even as its latest data showed the pace of new repurchase announcements slowing during the second-quarter reporting season.
JPMorgan undercuts discount brokerages on trades
JPMorgan Chase & Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week.
Instant View: S&P 500 trades above January high, sets record
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it just above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
S&P 500 sets record high, dollar slips after Trump attacks Fed
Global equity markets rose on Tuesday, with the S&P 500 setting a new record high, as strong earnings and economic growth fueled stocks, while the dollar weakened after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates.