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Alcoa Inc. indicated that China’s industrial economy is slowing more rapidly than expected, as the aluminum producer slashed its production outlook for the country for cars, trucks and construction. Alcoa said it now expects 2015 automotive production growth in China to be in the range of 1% to 2%, down from a previous outlook of 5% to 8% growth. Heavy duty truck and trailer production is now expected to drop 22% to 24%, compared with a previous estimate of a 14%-to-16% decline. Commercial building and construction sales are expected to increase 4% to 6%, down from its previous growth forecast of 6% to 8%. Alcoa’s stock dropped 4.2% in after-hours trade, after the company reported third-quarter earnings and revenue that missed expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Dow Jones Industrial Average closed with gains for a fifth consecutive session, its longest winning streak this year. Broader markets climbed after the minutes from the Federal Reserve’s latest policy meeting revealed that policy makers decided to hold off on a rate hike as many thought downside risk increased. The Dow Jones Industrial Average jumped 138.46 points, or 0.8%, to 17,050.75, closing above 17,000 for the first time since August. The S&P 500 added 17.60 points, or 0.9%, to 2,013.43, closing above its 50-day moving average. The Nasdaq Composite ended the day up 19.64 points, or 0.4%, at 4,810.79.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Dow industrials was on track Thursday to post its longest stretch of gains of 2015, and its best since last December, according to FactSet data. Until Thursday, the Dow Jones Industrial Average had only managed a streak of gains no longer than four sessions, but the blue-chip average’s 5-session streak, begun on Oct. 2, 2015, marks its longest stretch of days in the green since the period ended Dec. 26, 2014, when the Dow registered seven consecutive up days, according to FactSet data. The win streak for the Dow comes as markets are still wrestling with slowing growth abroad, but a growing sense that the Federal Reserve may leave interest rates lower for longer is lifting Wall Street’s mood. The Dow was up triple digits, gaining 158 points, or 0.9%, at 17,071 with less than an hour left to trade in the session. The S&P 500 picked up nearly 6 points, or 0.3%, and the Nasdaq Composite index was up 25 points, or 0.5%, bucking earlier headwinds from the biotech sector that had weighed down the tech-heavy index.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

CPI Card Group, a provider of credit and debit cards, has once again lowered its expected initial public offering issue price to $10 Thursday, according to an SEC filing, a day after it had lowered the price target to $12 to $13. In a filing dated Sept. 22, the company had set the range between $16 and $18. The move comes amid a tough IPO climate and a day after enterprise storage company Pure Storage had a bumpy debut on the New York Stock Exchange. CPI Card Group initially filed a prospectus on August 7. With the $10 share price and an offering of 15 million shares, it estimates that the net proceeds from the sale will be $137.5 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The cost of protecting debt issued by Yum Brands Inc. against a possible default has widened to its highest level since 2009, Fitch Solutions said Thursday. Five-year credit default swaps written on the debt of the operator of the Taco Bell and KFC restaurant chains, have widened by 20% in the past month, hurt by weaker-than-expected third-quarter earnings and concerns about the company’s exposure to China. “There are also increased concerns among bondholders that YUM’s financial strategy may become more aggressive, which may also weigh on CDS spreads,” Fitch Director Diana Allmendinger said in a statement. The CDS Implied Rating had dropped steadily in the last year to BBB-minus from A, said Fitch.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) – Federal Reserve officials held off of a rate hike in September as many thought downside risks had increased, according to minutes of the meeting released Thursday. Officials decided it would be “prudent” to wait, even though many thought that the weaker growth outlook for China that emerged in August and the subsequent drop in stock prices around the world would “likely” have a small effect on the economy. Some voting members of the Fed policy committee said that these global developments did not increase their confidence that inflation would return to the central bank’s 2% target. Fed officials were split, with some worried that hiking rates too soon would push inflation lower and others saying that delaying a hike for much longer would risk an undesirable buildup of inflation. In the end, the Fed voted 9 to 1 to hold rates steady.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of Netflix Inc. jumped as much as 2.5% after falling more than 5% earlier on Thursday. The swing comes after the streaming giant’s website showed a $1 increase for the price of its standard subscription service to $9.99 per month for new subscribers. That service allows subscribers to watch Netflix on two screens. The basic, one-screen service remains $7.99 and the premium service, which allows for up to four screens and ultra HD viewing, is $11.99. The company previously upped the price for its standard subscription to $8.99, and said current subscribers would eventually see a rate hike as well, though that seems to not have happened yet. Netflix streams more than 100 million hours of video content per day to more than 65 million subscribers in more than 50 countries, and plans to be in 200 countries by the end of 2016. Analysts have said that Netflix has room to increase pricing as it looks to expand.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) — In a brief press conference, Rep. Kevin McCarthy said he did not want the vote for speaker of the House to be a controversial one, in explaining his surprise decision not to seek the nomination. The California Republican also added that his comments about Benghazi — in which he linked the growing unpopularity of Hillary Clinton to the House committee investigating the former secretary of state’s actions — were “unhelpful” and played a role in his decision.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Rep. Kevin McCarthy has quit the race for House speaker. House Republicans had scheduled a meeting to elect their candidate Thursday afternoon, but the contest is being postponed. McCarthy had faced pressure from conservatives and was under fire for linking the House’s Benghazi committee to a decline in Hillary Clinton’s polls. McCarthy will retain his job as majority leader.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

By Rachel Jefferson

Digital advertising is the most effective way to target millennials—but what about the baby boomers? According to a recent article on MultiFamily Executive, a flexible approach may be most successful in marketing to the older generation. This means including both print and digital advertising strategies. For more marketing tactics geared towards the baby boomer generation read the full article on MFE.

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From:: Property Management