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The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
In February 2005, Moshe Leichner and his son Zvi [49] were sentenced to 20 years in federal prison for running a Ponzi scheme [50] [51] that defrauded hundreds of investors out of more than $95 million [52] for investors of GunnAllen Financial [53] (shut down by regulators in March 2010 for fraud allegations and losses related to another Ponzi ...
Daily inflation-indexed bonds (also known as inflation-linked bonds or colloquially as linkers) are bonds where the principal is indexed to inflation or deflation on a daily basis. They are thus designed to hedge the inflation risk of a bond. [ 1] The first known inflation-indexed bond was issued by the Massachusetts Bay Company in 1780. [ 2]
The Dow Jones Industrial Average turned up 0.4%, or more than 125 points, after a brutal sell-off in stocks Tuesday that sent the benchmark into the red for the year. (It is now roughly flat.) (It ...
Friday's sell-off pared much of the week's gains after a fleeting two-day rally that kicked off the month lifted all three major averages more than 5% off their 2022 lows. Still, U.S. stocks ...
U.S. stocks slid in volatile trading Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with ...
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