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DOW, S&P 500 SET ALL-TIME HIGHS
The Dow industrials and S&P 500 set fresh all-time closing
highs after the Bank of Japan's decision to unexpectedly expand its
stimulus measures. The Dow added 195 points to 17391, while the
S&P gained 23 to 2018 and the Nasdaq advanced 65 to 4631.
U.S. EXCHANGES SAY TRADES DURING GLITCH TO STAND
NYSE, Nasdaq OMX and BATS Global Markets said they would let
stand all trades made during a system outage that disrupted markets
on Thursday afternoon.
BOJ ANNOUNCES MASSIVE STIMULUS MOVE
The Bank of Japan took financial markets by surprise, ratcheting
up its already aggressive campaign against deflation by expanding
its yearly asset purchases by tens of trillion yen, as Prime
Minister Shinzo Abe's growth-revival plan teeters on the verge of
faltering.
VIRGIN GALACTIC SPACESHIP CRASHES; ONE REPORTED DEATH
A test pilot was killed and another injured when one of Virgin
Galactic's spacecraft crashed during a test flight, according to
local authorities in Mojave, Calif.
AIG AGREES TO $35 MILLION FINE TO SETTLE WITH NEW YORK
AIG has agreed to a $35 million fine to settle with New York's
top financial regulator over allegations that an international
business it has since sold had marketed insurance in the state to
multinational companies without proper licensing.
U.S. CONSUMER SPENDING FALLS
Personal spending fell 0.2% from August, down for the first time
since January, raising doubts about the economy's ability to
maintain the summer's sturdy growth. Economists had predicted a
0.1% rise.
REUTERS/MICH FINAL OCTOBER SENTIMENT EDGES UP TO 86.9
The Thomson-Reuters/University of Michigan final October
sentiment index edged up to 86.9 from a preliminary October result
of 86.4, according to a source who has seen the numbers. Economists
expected the final version to be steady at 86.4.
LACKER SAYS U.S. CAN TAKE RATE RISES WELL
Federal Reserve Bank of Richmond President Jeffrey Lacker
shrugged off weak inflation readings and said the U.S. economy can
easily deal with central bank interest rate increases when they
arrive.
STRONG DOLLAR SENDS OIL BELOW $80 A BARREL
U.S. oil prices slid below the psychologically key $80 a barrel
mark after the Bank of Japan unexpectedly expanded its stimulus
measures, boosting the dollar.
EXXON, CHEVRON POST HIGHER EARNINGS
Exxon Mobil and Chevron reported surprising profit growth,
despite gloomy market conditions, boosted by their refining
divisions that have lost favor with some smaller peers.
JUDGE REJECTS MAINE BID TO RESTRICT NURSE'S MOVEMENT
A Maine judge rejected a bid by state health officials to
restrict the movement of nurse Kaci Hickox, who defied a state
quarantine for medical workers who have treated Ebola patients.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
The Wall Street Journal
WAGES SHOW SIGNS OF PICKUP, JUST AS CONSUMERS HICCUP
Workers are starting to see a little spring in their paychecks
and benefits. U.S. employers' compensation costs grew in the second
and third quarters at their fastest pace since 2008, the Labor
Department said
Heard on the Street
JAPAN LETS LOOSE ON GLOBAL RATES
The Bank of Japan's surprise move to ratchet up its asset
purchases didn't merely alter the monetary policy calculus in
Japan, it upped the chances that other central banks will be a lot
more stimulative, writes Justin Lahart.