Markets log new highs as tech leads broad gains
Wall Street wrapped a record-setting week with modest gains lifting major indexes to all-time highs. The S&P 500 rose to 3,329.62 while the Dow gained to 29,348.10 and the Nasdaq to 9,388.94. Energy fell as bonds drifted higher in yields amid solid bank earnings and housing data.
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Disney Drops Fox Name From Movie Studio Titles
Disney will remove the Fox name from its film studios following the $71 billion acquisition. 20th Century Fox becomes 20th Century Studios and Fox Searchlight Pictures becomes Searchlight Pictures, with logos largely unchanged. A decision on Fox television units is still pending.
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China Economy Grows 6.1 Percent in 2019 Amid Trade War
Global markets eye a possible upswing as a U S Chinese trade truce could lift demand. China posted 6 1 percent growth for 2019 down from 6 6 percent in 2018 with Q4 at 6 percent year over year. Expeditors projects weak fourth quarter earnings amid trade tensions. Boeing reports 737 MAX software issue under FAA review. BMW recalls 357,000 cars over Takata air bag inflators. Fiat Chrysler talks with Foxconn on battery vehicles as merger with Peugeot advances.
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