Business

Dow closes above 26000 for first time in history

Dow closes above 26000 for first time in history

Still, the Dow's march toward 26000 has been fast. - The Dow, a price-weighted index, is up 4.2 percent since the January 4 close, and up 5.6 percent since December 31. While some investors continue to harbor concerns about whether valuations are stretched, several say they have been hard pressed to find signs the long-running rally is reaching its end.


Blue chip index Dow Jones Industrial Average hit new records

Blue chip index Dow Jones Industrial Average hit new records

The broader based S&P 500 added 7.45 at 2,805 and the tech heavy Nasdaq added 26 at 7,322. The Standard & Poor's 500 index rose 13 points, or 0.5 percent, to 2,790. It was the index's second 1,000-point milestone this year, and it came in record time - just seven trading days after the bellwether stock market gauge first crossed the 25,000-point mark.


Snap lays off 22 employees amid content team restructure

Snap lays off 22 employees amid content team restructure

The social media company laid off roughly two dozen staff members on Thursday, Jan. 18, mostly from Snap's editorial content team, according to sources close to the matter. It added: "We also need to have an organisation that scales internally". According to a Business Insider report from October 2016, CEO Evan Spiegel navigates Snap's Venice Beach headquarters flanked by a security detail, and new employee orientation includes a list of forbidden topics of discussion.


Facebook to let users rank 'trust' in news sources

Facebook to let users rank 'trust' in news sources

When you select a person or page to see first, their posts appear at the top of your news feed . "There's too much sensationalism, misinformation and polarization in the world today", Zuckerberg said. For publishers, the change to prioritize "trusted sources" could be either great or frightful news. Facebook said that ranking by trustworthiness was not meant to directly impact any specific groups of publishers based on their size or ideological rankings.


Delta Rolling Out New Restrictions For Service And Support Animals

Delta Rolling Out New Restrictions For Service And Support Animals

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) has 0.00% since January 16, 2017 and is. It has underperformed by 1.21% the S&P500. Delta Air Lines is the second largest US airline by passenger traffic. As per Friday, September 4, the company rating was maintained by BMO Capital Markets. The rating was upgraded by Bank of America on Monday, November 13 to "Hold".


Dow closes 97 points lower as concern over government shutdown looms

Dow closes 97 points lower as concern over government shutdown looms

The Dow's inexorable climb continues even after a 25 percent increase in 2017. The three major equity benchmarks have risen between 23% and 31% over the past 12 months, helped by factors such as an expanding US economy, growth in corporate profits and enthusiasm over the Trump administration's business-friendly policies, including tax cuts.