(Reuters) – U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index .SPSY leading gains among major Continue Reading
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Wall Street Week Ahead: Investors prepare for more U.S. stock swings as states reopen
NEW YORK (Reuters) – Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New Continue Reading
Wall Street jumps as hopes for easing lockdown offset earnings worry
NEW YORK (Reuters) – U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo. White House adviser Larry Kudlow said President Donald Trump would make a number of announcements about reopening Continue Reading
Wall Street backs away from Arctic drilling amid Alaska political heat
ANCHORAGE, Alaska (Reuters) – Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street’s increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. Banks and investment managers have been backing away from fossil-fuel development in the face of Continue Reading
‘Green is good.’ Is Wall Street’s new motto sustainable?
NEW YORK (Reuters) – If you have gone to Goldman Sachs Group Inc’s internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe. FILE PHOTO: A cow is seen in a farm in Azul, in Buenos Aires, Argentina September Continue Reading
Wall St. set to fall at open as Trump signals delay in China trade deal
(Reuters) – U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020. FILE PHOTO: Traders work on the floor at the New Continue Reading
Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline
NEW YORK (Reuters) – The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years. FILE PHOTO: Continue Reading
Tech stocks lift Wall Street as reports brighten hopes of trade deal
(Reuters) – Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday. FILE PHOTO: Traders work on the floor at the Continue Reading
Wall Street tumbles as factory activity hits 10-year low
(Reuters) – The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the U.S.-China trade war is hobbling the world’s largest economy. FILE PHOTO: Traders Continue Reading
Google Q1 revenues $36.3 billion but miss Wall Street expectations
Google parent Alphabet reported its Q1 earnings Monday, with shares at $11.90. While shares exceeded analyst expectations, revenue fell short. The company reported overall revenue at $36.34 billion, which was shy of the $37.33 billion expected by Wall Street. Shares are down roughly 5 percent in after-hours trading. Mobile and Continue Reading