STOCKS RISE: Here's what you need to know
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Pablo Martinez Monsivais/AP
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Stocks finished up on Tuesday, as Fed chair Janet Yellen warned that the recently passed Republican tax reform package could cause the central bank to raise interest rates more quickly than previously signaled.
Here's Tuesday's scoreboard:
- Dow: 24,916 (+0.37%)
- S&P 500: 2,712172 (+0.61%)
- Nasdaq: 7,065.5 (+0.84%)
What happened:
- Spotify has confidentially filed for its initial public offering, Dan Primack of the news website Axios reported on Wednesday.
- Tesla is expected to report delivery numbers soon, and traders are bracing for the worst.
- BANK OF AMERICA: Tax reform could be a drag on company profits by next year.
- Macy's is about to announce another round of store closing.
In other news…
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- Disney is turning away from the dark side with its 21st Century Fox acquisition .
- Ripple's XRP token exploded to a new record above $3.
- Trump's tax overhaul has slowed Manhattan's real estate market.
- Finally,People thought millennials hated credit cards - then JPMorgan cracked the code with the Chase Sapphire Reserve
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- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Vodafone Idea FPO allotment – How to check allotment, GMP and more
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley
- Global NCAP accords low safety rating to Bolero Neo, Amaze