Markets

Dow sheds 300 points as traders await big tech earnings

All three major indices dipped Wednesday morning as Wall Street awaits a basket of earnings and a Fed decision this afternoon. GameStop continued its meteoric rise following a tweet from Elon Musk. Microsoft posted a 17% rise in sales in the latest quarter. Sign up here for our daily newsletter, […]
Dow sheds 300 points as traders await big tech earnings
Markets

S&P 500 hits record high as investors prepare for blue-chip earnings reports

US stocks hovered near record highs on Tuesday as investors awaited earnings reports from tech giants. The S&P 500 hit an intraday all-time peak in early trading. Microsoft is slated to report fiscal second-quarter results when the market closes. Apple and Tesla will report figures on Wednesday. Retail traders continued […]
S&P 500 hits record high as investors prepare for blue-chip earnings reports
Markets

US stocks slide as disappointing bank earnings prompt end-of-week sell-off

US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as COVID-19 lockdowns cut into holiday-season spending, according to Census Bureau data published Friday. Economists expected sales to hold flat from November. Less-than-stellar earnings reports from […]
US stocks slide as disappointing bank earnings prompt end-of-week sell-off
Markets

Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints

Citigroup reported mixed fourth-quarter earnings on Friday that were hurt by weaker-than-expected fixed-income trading revenues. The bank reported profits that beat analyst estimates, but revenue fell short. Citigroup saw weakness in its consumer banking arm, with revenues down 14%. Shares of Citigroup fell more than 1% in early trading. Sign […]
Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints
Markets

Dow jumps 422 points in rebound from worst week since March

US stocks rallied on Monday as encouraging economic data and election bets lifted indexes from their worst weekly slump since March. Market volatility picked up as Election Day neared. Former Vice President Joe Biden has enjoyed a lead in the polls, but President Donald Trump has indicated he will contest […]
Dow jumps 422 points in rebound from worst week since March
Markets

Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings

While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings