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US shares hit record as Fed chair signals rate cut

BBC News Wednesday, 10 July 2019 ()
The S&P 500 tops 3,000 points as the Federal Reserve's chief hints at a rate cut to boost US economy.
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News video: Caterpillar Is a Clear Buy, Morgan Stanley Says -- ICYMI

Caterpillar Is a Clear Buy, Morgan Stanley Says -- ICYMI 01:39

Caterpillar is increasingly looking like a buy, several analysts say. Sure, economic output has been declining, spurring the market's starvation for an interest rate cut. But several factors are indicating buy signals for the shares. "Our recent U.S. Construction Dealer Survey suggests North...

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