Markets

US stocks slide from new highs as hope for expanded stimulus fades

US stocks pulled back from record highs on Tuesday as hopes for $US2,000 direct stimulus payments faded. Senate Majority Leader Mitch McConnell blocked an attempt by Democrats to hold a vote on the $US2,000 checks but said that the Senate would “begin a process” of considering a proposal to send […]
US stocks slide from new highs as hope for expanded stimulus fades
Markets

S&P 500, Nasdaq extend records as traders look ahead to further stimulus

The S&P 500 and Nasdaq composite indexes extended records on Wednesday after closing at all-time highs on Tuesday. Traders are still watching for signs that Congress will reach a deal on another coronavirus pandemic stimulus bill soon. The August ADP employment report showed that US companies added 428,000 jobs last […]
S&P 500, Nasdaq extend records as traders look ahead to further stimulus
Markets

Intel surges 8% on an earnings beat and better-than-expected forecast

Intel reported fiscal fourth-quarter and full-year 2019 earnings Thursday that beat Wall Street’s expectations for the chipmaker. Shares gained as much as 8% in early trading Friday. The company gave a rosy outlook for Q1 2020 earnings, and announced a 5% increase to its quarterly dividend. Watch Intel trade live […]
Intel surges 8% on an earnings beat and better-than-expected forecast