Business

Futures recede as COVID-19 case tally hits another record

(Reuters) – U.S. stock index futures slipped on Friday as a record increase in coronavirus cases raised fears of another hit to Corporate America with several states delaying the easing of business restrictions. About 41 of the 50 U.S. states have reported an increase in COVID-19 cases over the last two weeks, while the country […]

Business

Nasdaq ends at record high as Wall Street rises with tech shares

(Reuters) – U.S stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology shares as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country. Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) provided the biggest boosts to the Dow […]

Business

Futures wobble as U.S. coronavirus cases top three million

(Reuters) – U.S. stock index futures ticked lower in choppy trading on Wednesday as investors stayed on the sidelines in the face of an alarming rise in coronavirus caseloads across the country that poses a risk to a recovery in business activity. The Nasdaq notched an intraday record high on Tuesday but all the three […]

Business

Wall Street gains on strong services sector data, China-led recovery hopes

(Reuters) – Wall Street’s major indexes climbed on Monday as data showing unexpected growth in the U.S. services sector last month and optimism over China’s economic revival helped investors look past a surge in new cases of COVID-19 at home. The ISM’s non-manufacturing activity index jumped to 57.1 in June, almost returning to pre-pandemic levels, […]

Business

S&P 500 poised for best quarter since 1998; Boeing weighs on Dow

NEW YORK (Reuters) – The S&P 500 on Tuesday was poised to close out its best quarter in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon. But gains were kept in check by comments from Anthony Fauci, the U.S. government’s […]

Business

Wall Street set for lower open after strong quarterly rebound

(Reuters) – Wall Street was set to open lower on Tuesday as coronavirus-related worries and simmering U.S.-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The benchmark index has rebounded about 18% since April on a raft of fiscal and monetary stimulus and […]

Business

Wall Street ends lower as coronavirus surge prompts renewed restrictions

NEW YORK (Reuters) – Wall Street’s major indexes tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases. Some U.S. states that were spared the brunt of the initial coronavirus outbreak or moved early to lift restrictions are seeing a resurgence in new infections. […]

Business

Stock futures drop on sharp rise in virus cases, elevated jobless claims

(Reuters) – U.S. stock futures slipped further on Thursday following Wall Street’s worst day in two weeks, as investors were unnerved by an alarming rise in new coronavirus cases and an elevated weekly jobless claims number. Data showed about 1.48 million Americans signed up for unemployment benefits in the last week. The figure came in […]

Business

Wall Street slumps on virus worries, grim economic forecast

(Reuters) – Wall Street’s three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions […]

World News

Mexican president says Trump meeting likely in July, urges Canada to join

MEXICO CITY (Reuters) – Mexico’s president said on Wednesday it is “very probable” he will meet with his U.S. counterpart Donald Trump in Washington in July to mark the start of a new North American trade deal, and urged Canadian Prime Minister Justin Trudeau to join them. “We want the prime minister of Canada, Trudeau, […]