US stock indexes opened higher at the start of another big week for corporate earnings, with Salesforce leading gains on Monday following news that Elliott Management had acquired a stake. The Dow Jones Industrial Average rose 64.07 points, or 0.19%, at the open to 33,439.56. The S&P 500 opened higher by 5.53 points, or 0.14%, … Read more
Wall Street‘s main indexes opened higher on Friday with the Nasdaq spearheading gains after Netflix kicked off the earnings season for the growth sector on a positive note, even as worries about a recession kept investors on edge. The Dow Jones Industrial Average rose 28.90 points, or 0.09%, at the open to 33,073.46. The S&P … Read more
Wall Street‘s main indexes opened lower on Tuesday after Goldman Sachs missed quarterly profit estimates, worsening sentiment already dented by downbeat economic data from China earlier in the day. The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32. The S&P 500 fell 0.01% to 3,999.09 points at the open, … Read more
Wall Street‘s main indexes opened higher on the first trading day of the year, with a slew of economic data on tap this week as well as the Federal Reserve’s meeting minutes that would provide more clues on the path of future interest rate hikes. The Dow Jones Industrial Average rose 1.65 points, or 0.15%, … Read more
Wall Street‘s main indexes fell in thin pre-holiday trade on Friday after data showed inflation cooled further in November, but not enough to discourage the Federal Reserve from driving interest rates to higher levels next year. A Commerce Department report showed US consumer spending barely rose in November, while inflation cooled further. The personal consumption … Read more
Wall Street‘s main indexes dropped on Thursday after fresh data underscored strength in the US economy and aggravated concerns over the Federal Reserve’s continued policy tightening. Losses in rate-sensitive megacap growth stocks such as Apple Inc, Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower. The final estimate of third-quarter US GDP … Read more
Wall Street‘s main stock indexes opened higher on Wednesday as Nike brought cheer to markets with its better-than-expected results, while investors awaited more economic data for hints on the path of future interest rate hikes. The Dow Jones Industrial Average rose 178.35 points, or 0.54%, at the open to 33,028.09. The S&P 500 opened higher … Read more
Wall Street‘s main stock indexes were subdued at the open on Monday after two straight weeks of losses on recession worries, while Tesla shares rose after a poll showed Elon Musk should quit as Twitter’s CEO. The Dow Jones Industrial Average rose 0.99 points, or 0.00%, at the open to 32,921.45. The S&P 500 opened … Read more
Wall Street stocks were positive on Wednesday morning, while government bonds and the dollar were muted, ahead of a US Federal Reserve policy decision later in the day and central bank decisions in Europe and Britain on Thursday. The subdued price moves followed a rally in stocks and a sharp drop in the US dollar … Read more
Wall Street‘s main indexes opened sharply higher on Tuesday after a smaller-than-expected rise in US consumer prices raised hopes that the Federal Reserve could soften its aggressive rate hike stance. The Dow Jones Industrial Average rose 555.64 points, or 1.65%, at the open to 34,546.65. The S&P 500 opened higher by 78.82 points, or 1.98%, … Read more