Dow hits new high on hiring surge as banks lead gains
Strong jobs data lifted stocks to fresh records with the Dow and S&P 500 erasing Thursday losses. Banks like Bank of America and JPMorgan Chase led gains on higher lending prospects while consumer names Priceline.com and Disney rose on profits. Treasuries fell as yields climbed on expectations of reduced Fed purchases.
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Washington approves Boeing tax incentives and contract push
Washington Governor Jay Inslee signed a $9 billion package of tax breaks through 2040 to win Boeing 777X work, supported by a swift special session. A Machinists union vote on a new contract looms, with leaders urging consideration of jobs and regional impact amid opposition for concessions. Patty Murray noted Boeing’s swift timeline and competition.
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Amazon and USPS to begin Sunday package delivery
Amazon partners with the U S Postal Service to offer Sunday deliveries first in New York and Los Angeles with expansion planned next year to Dallas and others. Prime members get free Sunday service. non members pay standard delivery rates.
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