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U.S. stocks struggle for direction as opening gains fizzle despite strong durables data

U.S. stocks struggle for direction as opening gains fizzle despite strong durables data

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U.S. stocks struggled for direction Monday afternoon, trading near unchanged, as investors weighed stronger-than-expected data on durable-goods orders against expectations for a slowing economy that could limit the magnitude of Federal Reserve rate increases. What’s happening The Dow Jones Industrial Average DJIA was almost unchanged at 31,503. The S&P 500 SPX was down 4 points, …

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Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.

Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.

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Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall …

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JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

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JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 …

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