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US stocks end at record highs on Black Friday

Published

7 years ago

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Black Friday,dow jones, gdp, The Nasdaq Composite Index, Federal Open Market Committee, labour market

Black friday

New York: US stocks rallied on Friday, with all three major indices refreshing closing records, as investors continued to digest the Federal Reserve’s minutes from its November meeting.

The Dow Jones Industrial Average rose 68.96 points, or 0.36 per cent, to 19,152.14. The S&P 500 added 8.63 points, or 0.39 per cent, to 2,213.35. The Nasdaq Composite Index increased 18.24 points, or 0.34 per cent, to 5,398.92, Xinhua news agency reported.

According to the minutes released on Wednesday afternoon, US real gross domestic product (GDP) expanded at a faster pace in the third quarter than in the first half of the year and labour market conditions continued to strengthen in recent months.

“(Federal Open Market Committee) Members generally agreed that the case for an increase in the policy rate had continued to strengthen. However, members emphasised that the actual path of the federal funds rate would depend on the economic outlook as informed by incoming data,” said the minutes.

Meanwhile, investors also kept a close eye on retailers during Black Friday. Online shopping on Thanksgiving Day itself delivered $1.15 billion in sales, an increase of 13.6 per cent over last year, according to Adobe Systems Inc.

US stock markets were closed on Thursday for the Thanksgiving holiday and closed at 1 p.m. local time (1800 GMT) for Black Friday. On the economic front, the international trade deficit was $62.0 billion in October, up $5.5 billion from $56.5 billion in September, the Commerce Department announced on Friday.

For the holiday-shortened week, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq going up 1.5 per cent, 1.4 per cent and 1.6 per cent, respectively.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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