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Stocks surged to two-year highs on Thursday as all the major indexes rose beyond their closing highs for the year in the wake of the Federal Reserve's decision to buy $600 billion in Treasury bonds to boost the economy and news that President Obama said he was open to extending the Bush-era tax cuts to all income levels. JPMorgan and BofA gained.
What follows is a roundup of corporate earnings reports for Thursday, Nov. 4.
Despite reporting earnings that were just in line with expectations, DirecTV shares have been trading off about 3 percent all day. Why? The satellite TV provider's earnings were in line with expectations, but the stock has gained 15 percent since August, without a pause.
Stocks continued to soar to new highs for the year Thursday, with banks getting a boost from news the Fed will allow "healthy" institutions to raise their dividends. BofA and JPM gain.
Stocks gained after President Barack Obama said he was open to extending the Bush-era tax cuts to all income levels. Boeing and Caterpillar gained.
Stock index futures continued to point higher Thursday despite a spike in jobless claims, as markets digested the Federal Reserve's decision buy $600 billion more in government bonds to boost the economy and looked ahead to policy decisions from the Bank of England and the European Central Bank.
In today's trading session, 58 stocks in the S&P 500 reached a new 52-week high. Here is a look at those companies.
NASDAQ is gaga for GAGA, and a growing number of other Chinese companies going public on the U.S. market site.
Stocks sold off in the final hour of trading but ended higher at the highest levels since late April, as the dollar slid. Worries about the foreclosure crisis continued to temper overall market gains. DuPont and Kraft rose, while BofA and JPMorgan fell.
Stocks pared gains but remained higher Monday as the weak dollar boosted materials, but big banks slumped following the continued fallout of the foreclosure crisis, tempering overall market gains. DuPont and Alcoa rose, while Bank of America and JPMorgan fell.
Tonight is the FCC's deadline for both Fox and Cablevision to submit proof that they're negotiating in good faith. The FCC sent both companies a letter Friday, demanding that they "detail the efforts your company is making to end the current impasse."
Stocks gained as a slide in the dollar boosted materials stocks, but a drop in financial stocks due to the continued fallout of the foreclosure crisis tempered gains. Alcoa and DuPont rose, while Bank of America and JPMorgan fell.
As News Corp's negotiations with Cablevision drag out through a fourth day, the cable company's three million customers in the tri-state area are increasingly frustrated about missing out on football. That means a big win for Verizon's FiOS fiber optic system, which is available to the very same area that's suffering with Cablevision right now.
It's day three of Cablevision and Fox's standoff over a new contract and talks broke off Monday afternoon with no progress. After negotiating in person at News Corp headquarters in midtown, Fox execs are flying back to LA, to resume talks over the phone tomorrow.
Mike White has had a whirlwind 10 months since he took the helm at DirecTV: the satellite TV giant has added subscribers, launched three new 3-D channels, and a new online-only "NFL Sunday Ticket" option. And despite the fact that the company faces more competition than ever, the stock recently hit an all-time high.
After two years of prodding from Hollywood, the F.C.C. agreed to let movie studios activate technology to prevent films sold through video-on-demand systems from being copied. That could open the door to a new era, the NYT reports.
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DirectTV is nearing an all-time high — pushing a major resistance level: shares closed at $39.77 Wednesday, up 4 percent over the last five days and 57 percent over the past 12 months.
Hewlett-Packard shares gained over two percent in today's session, after its board approved an additional $10 billion stock buyback. Here is a look at the 15 largest buyback announcements in the last three months among S&P 500 companies.