Business

Wall Street closes higher on U.S. fiscal stimulus bets

NEW YORK (Reuters) – Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New […]

Business

Wall Street rises as hopes rise for U.S. fiscal stimulus

NEW YORK (Reuters) – Shares on Wall Street gained on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York […]

Business

Tech stocks extend Wall Street rally on stimulus hopes

(Reuters) – Wall Street’s main indexes rose for a fourth straight session on Monday, helped by a tech boost and on optimism that Washington would reach a deal over more fiscal support, with investors also gearing up for the third-quarter corporate earnings season.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock […]

Business

Wall Street Week Ahead: U.S. earnings improvement expected, but still a weak quarter

NEW YORK (Reuters) – While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad, but not as bad as they have been.FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the […]

Business

Torn U.S. tech investors debate buy or sell in wake of shakeout

NEW YORK (Reuters) – Investors are grappling with how to play heavyweight U.S. technology shares, which are trading well above long-term valuations despite a sell-off last month that took some air out of the stocks.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., October […]

Business

Stimulus hopes lift Wall Street as severity of Trump's illness unclear

(Reuters) – Wall Street jumped on Monday as hopes of more fiscal stimulus helped the three main indexes recover from a sharp fall in the previous session, while investors awaited updates on the severity of President Donald Trump’s COVID-19 symptoms.U.S. President Donald Trump participates in a phone call with Vice President Mike Pence, Secretary of […]

Business

Wall Street jumps, financials take the lead

(Reuters) – Wall Street surged on Monday in a broad rally as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month.FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, […]

Business

Wall Street ends higher as tech rally squashes virus fears, but S&P down for week

(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout. Investors started buying beaten-down shares after the Nasdaq […]

Business

Wall Street closes higher as tech rally squashes virus fears

(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout.FILE PHOTO: Traders wearing masks work, on the first […]

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 […]