Shares of Reliance Industries ended 2.4 per cent lower on Friday ahead of the announcement of its December quarter results. The shares have surged around 6 per cent during the week
On Thursday, the Nikkei 225 index closed up .82%, and the futures contract is now down 0.49% from the close
President Joe Biden is expected to launch an array of initiatives during his initial days in office, including ramping up testing and vaccine rollouts.
U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about debt later at a confirmation hearing Tuesday
The Biden administration is expected to push through a nearly $2 trillion US fiscal stimulus plan
Dow up 0.83%, S&P 500 up 1.39%, Nasdaq up 1.97%; FAANGs jump after Netflix results beat estimates
The firm said it plans to repurchase $2.9 billion worth of stock this quarter, the most it can under new Federal Reserve guidelines
Wall Street opens higher ahead of Yellen speech; spotlight on earnings
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.
Wall Street-friendly Republicans on Monday criticized Biden for bowing to leftists, warning the picks would be divisive
The Dow Jones Industrial Average fell 64.7 points
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
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.
The Dow Jones Industrial Average rose 16.2 points, or 0.05%, at the open to 31084.88.
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
Among the S&P's 11 major industry indexes, consumer discretionary and communications services were the biggest percentage decliners
Shares of the micro-blogging site slumped about 9%, knocking off more than $2.5 billion from the company's market value
The Dow Jones Industrial Average rose 28.5 points, or 0.09 per cent
Before the pro-Trump protests, financials hit a 1-year high, while materials, industrial and energy sectors jumped held their gains
The Dow Jones Industrial Average fell 28.8 points, or 0.09%