Business

Nasdaq rebounds as tech stocks stabilize after rout

(Reuters) – U.S. stocks bounced on Wednesday with the Nasdaq gaining 1.5%, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. Tesla Inc’s shares jumped 8.8% after shedding about a fifth of their value in the previous session, following its surprise […]

Business

Stocks end lower as tech swoon persists, Tesla in historic drop

NEW YORK (Reuters) – U.S. stocks closed lower for a third straight session on Tuesday as heavyweight technology names extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500. Each of the 11 major S&P […]

Business

S&P, Dow futures bounce after tech selloff, focus shifts to jobs report

(Reuters) – Futures tracking the S&P 500 and Dow indexes bounced on Friday after Wall Street’s worst session since June, with attention turning to the crucial jobs report that is likely to show a faltering recovery in the labor market. The Labor Department’s report is expected to show 1.40 million U.S. jobs created last month, […]

Business

Wall Street closes higher as momentum stocks push S&P 500, Nasdaq to new highs

NEW YORK (Reuters) – U.S. stocks surged on Wednesday, pushing the S&P 500 to its fourth straight record closing high, as investors stayed focused on large-cap momentum stocks that have outperformed since the onset of the coronavirus pandemic. The Nasdaq also set an all-time closing high, its 39th year-to-date, compared with a total of 31 […]

Business

Wall Street futures ease following Nasdaq's record close; business surveys on deck

(Reuters) – U.S. stock index futures ticked lower on Friday, a day after the tech-heavy Nasdaq closed at a record high, as investors awaited U.S. business surveys for more clues on the economy’s health. Surveys from the euro zone showed an economic recovery from its deepest downturn on record has stuttered this month, setting up […]

Business

Disney's surprise profit bolsters futures ahead of economic data

(Reuters) – U.S. stock futures rose on Wednesday after Disney squeezed out a quarterly profit despite taking a $5-billion charge due to the pandemic, while investors awaited data on private payrolls and the service sector to gauge the country’s economic health. Leading gains among the Dow’s components in premarket trade, Walt Disney Co (DIS.N) jumped […]

Business

Microsoft, Apple lift Wall St. as investors await stimulus

(Reuters) – Wall Street’s main indexes rose on Monday as a rebound in multi-billion dollar deals, including Microsoft’s pursuit of TikTok’s U.S. operations, lifted sentiment in the absence of a fiscal coronavirus relief bill. Microsoft (MSFT.O) jumped 4% on saying it would push ahead with talks to acquire the U.S. operations of Chinese-owned TikTok after […]

Business

Wall Street rises on upbeat earnings as Fed looms

(Reuters) – U.S. stocks rose on Wednesday as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns about next steps for the government’s coronavirus support plan. Advanced Micro Devices Inc (AMD.O) jumped 12.4% after the chipmaker raised its full-year revenue forecast. Its shares were among […]

Business

Wall St. set to slip on tough stimulus talks, mixed earnings

(Reuters) – Wall Street’s main indexes were set to open lower on Tuesday as lawmakers geared up for grueling talks over a coronavirus relief deal, with investors also weighing a mixed batch of earnings reports from blue-chip companies. Senate Republicans announced on Monday a $1 trillion aid package hammered out with the White House — […]

Business

Futures slip with focus on stimulus talks, Pfizer, McDonald's earnings

(Reuters) – U.S. stock index futures retreated on Tuesday as lawmakers geared up to debate a coronavirus relief deal to limit the economic damage from the pandemic, with investors also keeping an eye on quarterly earnings reports from Pfizer and McDonald’s. Senate Republicans announced on Monday a $1 trillion aid package hammered out with the […]