Business

Tesla shares rise after Musk's $5 billion stock sale

(Reuters) – Tesla shares rose in U.S. premarket trading on Thursday, even after overnight filings showed chief executive and top holder Elon Musk had sold about $5 billion of the stock over recent days.FILE PHOTO: A Tesla logo is seen at the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly SongThe electric-car maker’s […]

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

U.S. stock options traders see smooth sailing as Fed taper looms

FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/NEW YORK (Reuters) – Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set […]

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

Inflation jitters take toll on European stocks ahead of earnings

(Reuters) -European shares slipped on Tuesday as investors feared that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 8, 2021. REUTERS/StaffThe pan-European […]

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

European stocks hit 2-month lows on inflation worries

(Reuters) -European stocks slumped to their lowest in two months on Friday, as warnings from companies and factory activity data highlighted the economic headwinds from supply-chain constraints and elevated prices.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2021. REUTERS/StaffThe Europe-wide STOXX 600 index fell 0.4% […]