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Google Business NewsJun 20, 2019
S&P 500 hits first intraday record since May as Fed abandons ‘patience' - MarketWatch
S&P 500 hits first intraday record since May as Fed abandons ‘patience'  MarketWatchS&P 500 hits record as Wall Street bets the Fed will lower interest rates, Dow surges 250 points  CNBCFutures power higher on Fed effect  ReutersThe Currency Wars Are Starting to Flare Up Again  BloombergTreasury 10-Year Yield Slides Below 2% to Lead Global Decline  BloombergView full coverage on Google News

MarketWatch MarketPulseJun 20, 2019
S&P 500 carves out first intraday record since May 1 as Fed fuels stock-market rally
U.S. stock benchmarks Thursday morning surged toward records as the Federal Reserve signaled that policy easing may be forthcoming to sustain the economy. The Dow Jones Industrial Average jumped 250 points, or 0.9%, at 26,750, the S&P 500 index rose 0.9% at 2,951, briefly setting a new record intraday peak at 2,956.11 for the first time since May 1, while the Nasdaq Composite Index advanced 1.1% at 8,072, putting the technology-heavy index about 1% short of its May 3 record. Fed Chairman Jerome Powell on Wednesday strongly implied that the central bank would cut benchmark interest rates, currently at a range of 2.25%-2.50%, in the coming weeks if the economic outlook buffeted by U.S.-China trade tensions doesn't show signs of improvement. In corporate news, Slack Technologies Inc. is set to make its debut on the New York Stock Exchange in a highly anticipated direct listing of the enterprise software company. Here's what you should know.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsJun 20, 2019
Iran shoots down US drone in 'unprovoked attack,' heightening tensions - USA TODAY
Iran shoots down US drone in 'unprovoked attack,' heightening tensions  USA TODAYUS Navy drone shot down by Iranian missile over Strait of Hormuz in 'unprovoked attack,' central command says  Fox NewsIran's Revolutionary Guard shoots down US drone  Al Jazeera EnglishOil prices jump nearly 3% after official says US drone was shot down  CNBCIran shoots down U.S. drone, Biden refuses to apologize, Ortiz wasn't the intended target  ABC NewsView full coverage on Google News

MarketWatchJun 20, 2019
Futures Movers: Oil prices jump amid fresh Iran tensions, falling U.S. supply, stock-market gains
Oil prices rise in step with other perceived riskier assets following hints that the Federal Reserve could cut interest rates in the coming months and on news that Iran shot down a U.S. military drone.

MarketWatch MarketPulseJun 20, 2019
Energy stocks surge, as heightened Middle East tensions fuel oil price rally
Energy stocks traded broadly higher Thursday, as increased tension in the Middle East fueled a surge in oil prices. The SPDR Energy Select Sector ETF jumped 1.8% in morning trading, with all 29 of its equity components trading higher, while the Dow Jones Industrial Average hiked up 215 points, or 0.8%. Among the more-active members, shares of Halliburton Co. rose 3.0%, Marathon Oil Corp. gained 3.2%, Schlumberger Ltd. tacked on 3.1%, Exxon Mobil Corp. advanced 1.7% and Chevron Corp. added 1.1%. Elsewhere, Chesapeake Energy Corp.'s stock powered up 4.4% on NYSE-leading volume of 6.3 million shares. August crude oil futures rallied 4.5%, after news that Iran's Revolutionary Guard said it shot down a U.S. drone. Also helping boost prices, data out Wednesday showed that U.S. crude supplies fell, and a firmer date for an Organization of the Petroleum Exporting Countries (OPEC) meeting was in place to review pledged production limits.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJun 20, 2019
Economic Report: Mortgage rates are moving sideways. Will they fall from here?
Rates for home loans were mixed in the most recent week but a big move down lies ahead, if past history is any guide.

RELATED ARTICLES
Economic Report: U.S. jobless claims fall to 216,000 — no sign layoffs are on the rise (MarketWatch)

MarketWatch Breaking NewsJun 20, 2019
Dow poised to surge to highest level in 8½ months as Fed says open to rate cuts
Dow poised to surge to highest level in 8½ months as Fed says open to rate cuts

Enterprise Application NewsJun 20, 2019
Macs in the enterprise: 6 stats every IT purchaser needs
CIOs across the planet spend a lot of time wishing for unicorns.

"If only there were a technology solution that could reduce costs and boost productivity," they cry to the great executive bonus gods sitting high in their capitalist sky.

Get a Mac Times have changed since Apple's hugely popular Get a Mac ads encouraged so many Windows using iPod users to make the switch.

[ Related: Weighing a move from Windows 10 to macOS? An IT checklist ] Millions did, Mac marketshare climbed, Apple introduced iPhone, and Steve Jobs got cross. Now the company sells the most advanced smartphone in the world, and it doesn't even snap.

To read this article in full, please click here



Reuters BusinessJun 20, 2019
U.S. labor market on solid footing; manufacturing still slowing
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.

RELATED ARTICLES
WRAPUP 1-U.S. labor market on solid footing; manufacturing still slowing (Reuters Company News)
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