Nasdaq tops 8000 as tech rally drives new high
The Nasdaq composite closes above 8000 for the first time at 8017.90 after intraday 8024.94, led by FRANG stocks Facebook Apple Amazon Netflix and Alphabet. Tech profit growth and smartphone, cloud, and streaming innovations power a long bull run, with Apple hitting a 1 trillion market value and Netflix, Amazon up sharply.
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Wall Street
Chris Verrione
Strategas Research Partners
Facebook
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Todd Sohn
USA Today
Next iPhones to feature record large screens in 2018
Analysts forecast three new models led by an iPhone X Plus with a 6.5 inch display, likely the largest iPhone yet and bigger than Samsung’s Note 9. A 6.1 inch LCD model priced around $800 and OLED premium models will follow, with Face ID replacing the Home button on premium variants. Older iPhones will remain at lower prices.
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Apple
Tim Bajarin
Bajarin
Rise in COLAs could be best in six years
Social Security COLAs may rise to 2.7 percent or possibly 3 percent in January 2019, depending on July through September CPI readings. Higher benefits help retirees, but faster inflation also increases costs for essentials like health care, reducing net gains. Russell Russell 2000 INDEX CLOSE: 1,728.41 %CHANGE: .2% YTD % CHG: 12.6%
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Social Security
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