Business

Some investors look to diversify amid big tech rally

NEW YORK (Reuters) – Rising valuations and hefty year-to-date gains for big technology stocks are pushing some investors to diversify away from the sector that has led markets for years.FILE PHOTO: A person waits on the Wall Street subway platform in the Financial District of Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew KellyTech […]

Business

Wall St books records, weekly gains on strong jobs report, Pfizer COVID-19 pill cheer

(Reuters) – Wall Street’s main indexes scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19. The S&P 500 and the Nasdaq notched record high closes for their seventh straight sessions, while the Dow Jones Industrial Average […]

Business

Wall Street rises as earnings whip up risk appetite

(Reuters) -U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week.Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan […]

Business

Wall St set to open lower on slowing China growth, inflation worries

(Reuters) -Wall Street’s main indexes were set to open lower on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation.FILE PHOTO: Traders work on the main trading floor of the New York Stock Exchange shortly after the opening bell of the trading session in the […]

Business

Regional bank loan growth could hint at healthier supply chains

NEW YORK (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the week ahead, it could signal an easing of the supply chain bottlenecks that have weighed down the U.S. economic recovery from the pandemic, analysts and investors said.FILE PHOTO: A street sign for Wall Street is seen […]

Business

Futures slide on inflation worries; ADP jobs beat sparks taper fears

(Reuters) -U.S. stock index futures fell on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of sooner-than-expected easing of monetary stimulus.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, […]

Business

Wall Street opens higher on bargain hunting, Merck boost

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri(Reuters) – Wall Street’s main indexes opened higher on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral […]

Business

Wall Street set to rebound on boost from tech stocks

(Reuters) -A rebound in beaten-down technology shares set U.S. stock indexes on course to open higher on Wednesday after concerns about inflation and rising Treasury yields sparked one of Wall Street’s worst selloffs this year.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo […]

Business

U.S. Treasury's Yellen cites need for compromise on digital service taxes in call with French counterpart

Slideshow ( 2 images )WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen, in a call on Friday with French Finance Minister Bruno Le Maire, stressed the importance of reaching a compromise on the withdrawal of digital services taxes, the Treasury Department said in a statement. Yellen also conveyed appreciation for Le Maire’s dedication to the […]

Business

Wall Street ends sharply lower in broad sell-off

NEW YORK (Reuters) – Wall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from potential collapse of China’s Evergrande drove investors out of equities in a flight for safety. The Nasdaq also hit its lowest level in […]