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U.S. financial markets will close early on Christmas Eve and remain shut for Christmas Day, returning to a normal schedule Friday. Stocks traded sideways Wednesday following a record session, with investors anticipating a “Santa Claus” rally. This year-end period typically sees markets drift higher due to limited economic news.
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Market experts on Wednesday advised investors to focus on global diversification alongside India’s strengthening domestic fundamentals while planning their portfolios for 2026, citing currency depreciation risks and a structurally improving Indian economy.
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Shares of Agios Pharmaceuticals jumped nearly 16% on Wednesday ⁠after the U.S. Food and Drug Administration approved the expanded use of its drug for the treatment of a type of blood disorder.
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SFIO has initiated an investigation into IndusInd Bank over discrepancies in its derivatives trades and certain balance sheet accounts. The bank informed exchanges about receiving a formal notice and said it is cooperating fully with the probe under the Companies Act.
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Nike shares rose nearly ‍4% in early trading on Wednesday ​after Apple CEO Tim Cook doubled his personal stake ⁠in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.
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Wall ‍Street ​indexes opened nearly flat ⁠in shortened Christmas Eve trading on ‌Wednesday, ‌as traders wait to ‌see whether stocks can extend record gains in a seasonally ​strong ​stretch for markets.
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The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening.
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State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received approval from the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT), an official statement said on Wednesday.
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Copper advanced for a sixth straight session to ‍an all-time high close of $12,300 ​on Wednesday as robust U.S. economic growth boosted demand prospects ⁠and a weaker dollar supported prices.
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U.S. investors may soon ​have access to a greater array of products tied to asset classes like private credit and crypto as the Trump ⁠administration and SEC push to open markets, a change that some investment advisors say puts too much onus on individuals to protect themselves.
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