Tag Archives: historic

S&P 500 Closes on the Brink of Historic 5,000 Mark: Markets Wrap

S&P 500 Closes on the Brink of Historic 5,000 Mark: Markets Wrap

(Bloomberg) — The historic rally in US stocks continued to power ahead, with the S&P 500 closing within a striking distance of 5,000. Most Read from Bloomberg Gains on Wednesday were fueled by a renewed surge in big tech and a strong sale of 10-year Treasuries that dimmed supply concerns. While bonds barely budged, equities extended their bull run on prospects that a solid economy will continue fueling corporate profits. In late trading, Walt Disney Co. and Arm Holdings Plc jumped on upbeat… Source link

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State of emergency declared as atmospheric river brings ‘potentially historic’ flood threat

State of emergency declared as atmospheric river brings ‘potentially historic’ flood threat

Waves crash over a breakwater in Alameda, Calif., on Sunday. (Noah Berger/AP) Scientists are saying that climate change and El Niño, a climate pattern caused by the warming of the Pacific Ocean, are the culprits for the extreme weather that California is experiencing this winter. Here’s what USA Today reported: Multiple weather phenomena are conspiring to make these storms particularly damaging. Warm water provides energy to storms, and record-high ocean water temperatures, likely from… Source link

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