Business

Wall Street hovers near record highs before tech earnings, Fed meeting

(Reuters) – Wall Street indexes hovered near record highs on Monday in a week packed with heavyweight technology earnings, with investors staying away from big bets in the runup to a policy meeting by the Federal Reserve.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, […]

Business

S&P 500, Nasdaq hit record highs on megacaps, earnings strength

(Reuters) -The S&P 500 and Nasdaq indexes hit record highs on Friday and were on track to end the week with gains, helped by megacap growth stocks and strong earnings from social media companies, while a weak forecast from Intel hit chipmakers.FILE PHOTO: A street sign for Wall Street is seen outside the New York […]

Business

Dow sinks 2% as virus surge stifles recovery hopes

(Reuters) – The Dow sank more than 2% on Monday as investors sold off economically sensitive shares and travel stocks and sought the perceived safety of bonds on fears that a spike in COVID-19 cases would derail a broader economic recovery.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in […]

Business

Wall Street drops 1% as virus surge fans recovery fears

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 fell sharply at the open on Monday, with economy-linked value and travel stocks taking a hit after a spike in global COVID-19 cases raised fresh concerns about slowing […]

Business

U.S. small caps waver as reflation trade wobbles

NEW YORK (Reuters) – Expectations that the U.S. economic rebound will slow in the second half are weighing on small cap stocks, forcing fund managers to look for companies that could continue to profit in a lower growth environment.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, […]

Business

S&P 500 and Nasdaq fall after hitting record highs

(Reuters) – The S&P 500 and Nasdaq dropped on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of […]

Business

Wall Street falls on growth worries, Chinese tech crackdown

(Reuters) -Wall Street’s main indexes fell on Thursday as the spread of the COVID-19 Delta variant cast doubts over an economic recovery, while a rout in Chinese tech stocks appeared to have spilled across markets.FILE PHOTO: The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New […]

Business

Dow leads declines on Wall Street as value stocks take a hit

(Reuters) – The blue-chip Dow slipped 1% on Tuesday, as investors dumped economy-linked value stocks and moved into growth-focused sectors, while a regulatory crackdown by Beijing hammered shares of several U.S.-listed Chinese firms.FILE PHOTO: A security camera is seen next to signage outside of the New York Stock Exchange (NYSE) in New York City, New […]

Business

S&P 500 opens at record high on tech boost

FILE PHOTO: A security camera is seen next to signage outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly(Reuters) – The S&P 500 index opened at a record high on Tuesday, lifted by shares of mega-cap technology firms, while Beijing’s regulatory crackdown hammered shares […]

Business

Futures tick lower ahead of private jobs data

(Reuters) – U.S. stock index futures edged lower on Wednesday, a day after the S&P 500 and the Nasdaq closed at record levels, as investors awaited private payrolls data for clues on the health of the labor market and subsequent policy support.A security camera is seen next to signage outside of the New York Stock […]