Page 47 - Wall Street

Wall Street opens higher ahead of Yellen speech; spotlight on earnings

Wall Street opens higher ahead of Yellen speech; spotlight on earnings

Bank of America fourth quarter profit fell 18% but topped Street views

Bank of America Corp. says its fourth-quarter profit fell nearly 18 per cent to USD 5.47 billion from USD 6.99 billion a year earlier. The bank, based in Charlotte, North Carolina, said Tuesday that it had earnings of 59 cents per share, down from 74 cents a year ago. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The nation's second-largest bank posted revenue net of interest expense of USD 20.1 billion, which missed Street forecasts. Six analysts surveyed by Zacks expected USD 20.4 billion. Bank of America shares have increased nearly 9 per cent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased nearly 5 per cent in the last 12 months.

Outlook darkens for Wall Street as Joe Biden's regulators take shape

Wall Street-friendly Republicans on Monday criticized Biden for bowing to leftists, warning the picks would be divisive

Wall Street opens lower after Biden's stimulus plan raises tax concerns

The Dow Jones Industrial Average fell 64.7 points

Dow, Nasdaq hit record highs as focus turns to Biden's stimulus plan

Dow Jones Industrial Average rose 116.19 points, or 0.38%, to 31,178.17, Nasdaq Composite gained 81.07 points, or 0.62 %, to 13,210.89

Wall Street brushes off political turmoil, looks to economic rebound

NEW YORK (Reuters) - The U.S. stock market is mostly unfazed by the political turmoil in Washington and fears of violence ahead of President-elect Joe Biden's inauguration, with investors squarely focused on the probability of another sizeable stimulus package to boost economic growth and the rollout of coronavirus vaccines.

Wall Street flat as stimulus rally cools; Intel jumps on replacing CEO Swan

The Dow Jones Industrial Average rose 16.2 points, or 0.05%, at the open to 31084.88.

Wall Street barely higher as investors pause amid US Capitol turmoil

Five of the 11 major S&P sectors were trading higher with energy stocks leading the gains with a 3% advance, as crude prices rose

Wall Street ends lower with Washington turmoil, earnings in view

Among the S&P's 11 major industry indexes, consumer discretionary and communications services were the biggest percentage decliners

Wall Street retreats from all-time highs after strong run; Twitter slumps

Shares of the micro-blogging site slumped about 9%, knocking off more than $2.5 billion from the company's market value

Wall Street sets new highs as stimulus hopes outweigh dire jobs report

The Dow Jones Industrial Average rose 28.5 points, or 0.09 per cent

Dow, S&P 500 hit fresh all-time peaks, but pro-Trump protests curb gains

Before the pro-Trump protests, financials hit a 1-year high, while materials, industrial and energy sectors jumped held their gains

Wall Street opens lower on prospects of Democrat-controlled Senate

The Dow Jones Industrial Average fell 28.8 points, or 0.09%

Vaccine rollout to higher earnings: Why investors are bullish on US stocks

The roll out of coronavirus vaccines has emboldened investors, along with the U.S. Federal Reserve's expressed readiness to keep policy accommodative, strategists said

Wall Street opens higher on hopes of vaccine-fueled recovery

Investors hoped that Covid-19 vaccine rollouts and a bigger fiscal aid would help the world's largest economy recover

Wall Street slips from record levels, additional stimulus uncertain

The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89

Wall Street opens at record high on fiscal aid relief, vaccine optimism

Bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year

Sensex above 47K on US stimulus package; Wall Street hits record high'

Most markets worldwide, including European and US indices, were in the green, with Wall Street's main indices hitting record highs in early trading

Wall Street hits record high after Donald Trump signs fiscal aid bill

Dow Jones Industrial Average rose 204.85 points, or 0.68%, to 30,404.72, the S&P 500 gained 25.82 points, or 0.70%, to 3,728.88

Wall St set to open near record highs after Trump signs fiscal aid bill

Trading volumes are expected to be slim in the final week of the year, with stock markets being shut on Friday for New Year holiday.