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Wednesday, June 27, 2018

Tech Stocks Could Drag Down the Market: Wells Fargo

Double-edged sword: Tech stocks exert growing influence on the movement of market indexes.
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Tech Stocks Could Drag Down the Market: Wells Fargo
Double-edged sword: Tech stocks exert growing influence on the movement of market indexes.
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Morning Headlines
Conagra Brands to Acquire Pinnacle Foods for $10.9B
Pinnacle shareholders will get $43.11 per share in cash and 0.6494 shares of Conagra common stock for each PInnacle share held.
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Bears Prowl World Markets, Maul Chinese Stocks
A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world's number two economy from trade tensions with the United States.
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Why Alibaba's Stock Can Soar 44% Despite a Trade War
While a trade war looms, Chinese-based e-commerce giant Alibaba is set to soar.
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Amazon Needs to Buy CBS to Beat Netflix: Analyst
MoffettNathanson believes that Amazon needs to buy an established media company to compete with its video streaming peers.
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Top S&P 500 Gainer & Loser
GE
General Electric Co
7.76%
INCY
Incyte Corp
-6.97%
As of last market close.
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Jay-Z and Larry Marcus Launch Investment Firm
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