Dividend stocks: Shares of Laurus Labs Ltd will be in focus when the stock market opens on Wednesday, May 8.The company's Board of Directors has declared an interim dividend of ₹0.40 per equity share for its eligible shareholders. The record date by the company to ascertain the eligibility of shareholders for interim dividend has been fixed on May 08.
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The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year. The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March.
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Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. WTI crude futures fell 13 cents, or 0.2%, to $78.25 a barrel.
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