By Staff Reporters
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Stocks were mixed yesterday as Wall Street waits for the Fed to cut interest rates tomorrow. The Dow Jones Industrial Average closed at a record high and the S&P 500 inched up. But the tech-heavy NASDAQ slipped, partly because Apple fell after analysts pointed out that demand for the iPhone 16 hasn’t equaled the kind of frenzy new models commanded in the past.
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Boeing seeks to hoard its cash. While dealing with a strike by 30,000 unionized factory workers that has shut down production of its 737 planes and could cost the company $500 million a week, Boeing has instituted a hiring freeze and other money-saving measures.
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Filed under: "Ask-an-Advisor", Accounting, Alerts Sign-Up, Investing | Tagged: Apple, Boeing, boeing cash, DJIA, DOW, Dow Jones, iPhone 16, NASDAQ, S&P 500, stocks |















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