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Kodak Stock Is Rising. It Found a Boatload of Cash -- in the Pension Plan. -- Barrons.com
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
Kodak Stock Is Trading At 52-Week Highs: What's Going On?
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Kodak Shares Hit 2-Year High on Pension Termination Effort
Kodak Considers Options for U.S. Pension Plan, Including Possible Termination