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Wall Street records break quietly in market that has seen it all
Hitting a big level in markets used to mean something on Wall Street, but these days each bullish watershed makes an ever-smaller splash. The Dow Jones Industrial Average at 30,000. The S&P 500, Nasdaq Composite, Russell 2000 and MSCI World at all-time highs. Financial conditions -- from credit spreads to interest rates -- easier than ever before. In 2020, it’s just another week for a global-markets machine that has managed to keep humming through some of the largest shocks in economic history. If global stocks finish November with the biggest monthly gain since the late 80’s, investors can rationalize it with ... (full story)
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