Page 53 - Wall Street

Wall Street is torn on whether a Biden victory brings joy or misery

Those with the rosier outlook point to Biden's mostly pro-business inner circle, his significant campaign contributions from the financial industry and his longtime support of credit card companies

Investors preparing portfolios for a potentially rocky patch in US stocks

Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March

S&P, Dow fall on grim economic data, US election uncertainty, earnings

Investors also fretted ahead of high-profile earnings reports and expiration of enhanced employment benefits

Wall Street adds to gains after Fed pledges more support to US economy

At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered the virus

Wall Street rises on upbeat earnings as Fed looms; Nasdaq up over 1%

Of the 163 S&P 500 firms that have reported results, 79.1 per cent have surpassed a low bar of quarterly profit expectations, according to Refinitiv IBES data

3M profit misses Street estimates as coronavirus crisis hammers sales

3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers

Wall Street opens lower as tough stimulus talks, mixed earnings weigh

The Dow Jones Industrial Average fell 55.32 points, or 0.21 per cent, at the open to 26,529.45

Wall Street slides as Intel leads sell-off, earnings and pandemic weigh

For the second day in a row, the tech sector weighed heaviest on all three major US stock averages

Market Ahead, July 24: All you need to know before the opening bell

Today, a total of 71 companies including ITC, Asian Paints, and Ambuja Cements are scheduled to announce their quarterly results

Twitter shares rise 4% on highest-ever yearly growth in daily users

Twitter's average monetisable daily active users (mDAU) increased 34 per cent year over year to 186 million

Stimulus hopes set to lift Wall Street as labor market rebound slows

The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed

Microsoft Q4 profit at $11.2 bn, beats Wall Street estimates amid Covid-19

The company said its commercial cloud business surpassed $50 billion in annual revenue for the first time

Profit or not? Analysts divided ahead of Tesla's second-quarter results

Analysts' estimates for Tesla's second quarter range from an adjusted loss as steep as $2.53 a share to a $1.41 per share profit

Wall Street opens higher on upbeat corporate earnings, stimulus hopes

The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.

S&P 500 gains on promising Covid-19 vaccine data, more stimulus hopes

US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients

Wall Street slips on fears of economic pain due to rising Covid-19 cases

Netflix's shares fell 7.2% after it forecast slower-than-expected subscriber growth during the third quarter and weighed the most on the S&P 500 and the Nasdaq.

Wall Street opens higher as investors bet on stimulus-led economic revival

The Dow Jones Industrial Average rose 39.91 points, or 0.15%, at the open to 26,774.62.

Goldman Sachs revenue from trading stocks and bonds surges 93%

Revenue from trading stocks and bonds surged 93 per cent, surpassing what analysts had expected

Wall Street jumps on Goldman's strong numbers, Covid-19 vaccine hopes

The Dow Jones Industrial Average rose 367.22 points, or 1.38 per cent

S&P 500, Dow Jones rise after mixed bank earnings; tech-heavy Nasdaq falls

Largest US lender JP Morgan Chase & Co was up 0.2% after it posted a smaller-than-expected 51% drop in second-quarter profit.