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European markets advanced cautiously on Friday, pushing toward record highs as global stocks take heart from strong economic data out of the U.S.

European markets advanced on Friday to notch record highs as global stocks take heart from strong economic data out of the U.S.

Back in Europe, the United Nations International Civil Aviation Organization will investigate Belarus over its forced grounding of a Ryanair passenger plane in order to arrest a dissident journalist, a move that triggered global outrage. Meanwhile, Russia has blocked airspace to Air France and Austrian Airlines after the two carriers altered their flight plans to avoid its ally Belarus in protest at the governments actions. British Prime Minister Boris Johnson has warned that the full lifting o...

By Barbara Kollmeyer Order Reprints Text size A general view of a Total petrol station in Kampala, Uganda, on Jan. 28, 2020. AFP via Getty Images They say it’s lonely at the top. For France’s Total, years of dominance on the oil patch are over, say analysts at Cowen, who downgraded the company to market perform from outperform in a note to clients on Tuesday. Jason Gabelman and George Kuhle say they continue to like Total’s strategy, but it faces...

By Matt Smith Order Reprints U.S. Department of Energy, Oak Ridge National Laboratory Hidden in the hardwood forests of eastern Tennessee is a glass-and-steel American Wakanda of impulsed neutron beams, supercomputers, and atom probe microscopes. Here, at the U.S. Department of Energy’s Oak Ridge National Laboratory, Enrico Fermi and fellow scientists raced to develop the neutron bomb, and subsequent generations worked on the world’s-fastest computers, he...

Nasdaq Composite gained 0.3%. The small-cap Under the surface, the S&P 500 energy sector closed up 3.6%, financials gained 1.1%, and consumer discretionary stocks added 1.5%. Defensive utilities and health care fell 0.6% and 1.1%, respectively, while technology stocks lost 0.5%. That dynamic has more or less prevailed since the fall. Fourth-quarter earnings season begins later this week, with several large banks kicking things off as usual. Wall Street expects S&P 500 earnings to be 12%...