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S&P 500, Nasdaq Ride Stimulus Optimism to Close at All-Time Highs By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 and Nasdaq notched a second straight day of all-time highs Friday as President Joe Biden signaled that he was prepared to pass the stimulus bill without Republican support, stoking investor optimism that in the absence of compromises needed to win over GOP support the final package could be closer to $1.9 trillion.  The S&P 500...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.42% By Investing.com

Investing.com – Canada equities were higher at the close on Friday, as gains in the Materials, Clean Technology and IT sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.42% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Eldorado Gold Corp (TSX:ELD), which rose 10.17% or 1.50...

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Wall Street Veteran Says Market Could Plunge 15%, Sounding Alarm About Bubbles By Bloomberg

(Bloomberg) -- Wall Street veteran Peter Kraus said that investors shouldn’t be caught off guard by a market correction because some equities have been pushed into bubble territory, and many catalysts for expansion have already been factored in. “You’ve got to pay attention to those bubbles, and the market could easily have a consolidation of 10% to 15% and nobody should be surprised,”...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.14% By Investing.com

Investing.com – U.K. equities were lower at the close on Friday, as losses in the Chemicals, Pharmaceuticals & Biotech and Gas, Water & Multiutilities sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.14%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Whitbread PLC (LON:WTB), which rose 5.85%...

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GameStop Gets Another Bounce after Trading Curbs End By Investing.com

By Liz Moyer Investing.com -- GameStop Corp (NYSE:GME) shares jumped 35% on Friday, and briefly halted on volatility, after Robinhood ended its trading restrictions on the stock. Robinhood, the free trading app popular with retail investors, said late Thursday it had removed all buying restrictions. The curbs were put in place last week after a buying frenzy triggered higher...

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Biden Pledges to ‘Act Fast’ on $1.9 Trillion Stimulus Package By Investing.com

By Yasin Ebrahim President Joe Biden pledged Friday to "act fast" on getting his $1.9 trillion stimulus through Congress, saying it was "very clear" the economy was in trouble following a weaker-than-expected rebound in the labor market last month.   "It's very clear our economy is still in trouble," Biden said during televised remarks on Friday. "We added just 6,000 just private sector jobs...

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Mystery Trade Adds Almost $9 Billion to Vanguard S&P 500 Fund By Bloomberg

(Bloomberg) -- Near the start of December, a mystery over-the-counter trade pulled about $7 billion from Vanguard Group’s S&P 500 exchange-traded fund. It just got it all back and more. The $194 billion Vanguard S&P 500 ETF (ticker VOO) added $8.7 billion on a single day this week, about two months after that record withdrawal. Similar to the 2020 mega outflow, VOO’s cash...

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Hipgnosis Songs Fund raises over $100 million on online music streaming boom By Reuters

(Reuters) - Hipgnosis Songs Fund said on Friday it had raised 75 million pounds ($102.95 million) through a share sale, as the investment firm seeks to cash in on the explosion of online music streaming during the COVID-19 pandemic. The London-listed firm, which invests in songs and musical intellectual property rights, said it sold roughly 62 million shares at 121 pence per...

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