Wall St. set to extend record run as ‘Trump trade’ rekindles

The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

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Wall St. set to extend record run as ‘Trump trade’ rekindles

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

(Reuters) – Allergan Plc on Monday said it would buy Zeltiq Aesthetics Inc for about $2.48 billion to gain access to its flagship body contouring technology.

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Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Aon to sell benefits outsourcing to Blackstone for $4.3 billion

Aon could get up to $500 million more based on future performance, as part of the deal. London-headquartered Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018. Proceeds from the deal after tax are expected to be about $3 billion, subject to customary working capital and other adjustments, Aon said.

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Aon to sell benefits outsourcing to Blackstone for $4.3 billion

S&P ends flat, Nasdaq hits record high close

NEW YORK (Reuters) – The S&P 500 ended flat on Tuesday as gains in healthcare and financials offset a drop in energy shares, while the Nasdaq hit another record high close.

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S&P ends flat, Nasdaq hits record high close

U.S. stock futures rise ahead of Fed minutes

The Fed raised rates for the first time last year, citing strength in the labor market and a slight uptick in inflation. Investors will be keen to assess policymakers' view on inflation, especially after a spate of strong economic data. With just over two weeks left before President-elect Donald Trump takes office, investors are waiting for the finer details of his proposed policies such as tax cuts and higher fiscal spending.

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U.S. stock futures rise ahead of Fed minutes

Dow hits record high at open

(Reuters) – The Dow inched up to hit a record high at the open on Thursday, helped by gains in financial and energy stocks.

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Dow hits record high at open

Wall Street rises, buoyed by economic data; Dow sets high

U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. “A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks,” said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio. The Dow Jones industrial average rose 45.82 points, or 0.24 percent, to 19,216.24, the S&P 500 gained 12.76 points, or 0.58 percent, to 2,204.71 and the Nasdaq Composite added 53.24 points, or 1.01 percent, to 5,308.89.

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Wall Street rises, buoyed by economic data; Dow sets high

Oil retreats on doubts OPEC cuts can ease glut

U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early in the day and began to pare gains in the late afternoon, settling at $51.79 a barrel, up 11 cents or 0.21 percent, before retreating to as low as $51.11 a barrel. Brent crude settled at $54.94 a barrel, up 48 cents – or 0.88 percent – before retreating to $54.22 a barrel.

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Oil retreats on doubts OPEC cuts can ease glut

Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output cuts. “We will leave the level of production (where) we decided in Algeria,” Iranian Oil Minister Bijan Zanganeh told reporters upon arrival in Vienna, effectively signaling he was not prepared to reduce output.

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Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

Wall St. opens little changed; oil skids

(Reuters) – U.S. stocks opened little changed on Tuesday, a day after stocks posted their worst performance in nearly a month, as oil prices tumbled more than 3.5 percent.

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Wall St. opens little changed; oil skids