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

US stocks climb as investors buy Monday’s dip on recovery hopes

US stocks gained slightly on Tuesday as investors bought Monday’s dip and bet on fresh stimulus and COVID-19 vaccines to fuel a near-term economic rebound. While the Biden administration is set to detail a sweeping fiscal stimulus plan on Thursday, investors continue to weigh whether stocks can remain at their […]
US stocks climb as investors buy Monday’s dip on recovery hopes
Markets

Dow, S&P 500 add to records as weak jobs report boosts stimulus expectations

US equities gained on Friday morning as the weak jobs report spurred investors hopes for a larger fiscal stimulus package to boost the economy. American businesses shed 140,000 nonfarm payrolls last month, the Bureau of Labour Statistics said Friday. The reading is weaker than consensus economist estimates that foresaw 50,000 […]
Dow, S&P 500 add to records as weak jobs report boosts stimulus expectations
Markets

US stocks close mixed as stimulus optimism clashes with new virus strain

US stocks closed mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $US900 billion in new stimulus. The package, which also funds the government through September 30, includes $US600 direct payments, $US300 in additional federal unemployment benefits, and aid for small businesses. The fresh fiscal support locked […]
US stocks close mixed as stimulus optimism clashes with new virus strain
Markets

US stocks edge lower as jarring drop in retail sales offsets stimulus progress

US equities dipped slightly on Wednesday as investors weighed progress towards a stimulus compromise against disappointing economic data. Congressional leaders are close to agreeing on a stimulus package that includes just under $US900 billion in relief funds, according to Politico. The deal could be finalised as early as Wednesday morning. […]
US stocks edge lower as jarring drop in retail sales offsets stimulus progress
Markets

US stocks dip as stimulus hopes waver and jobless claims hit 11-week high

US stocks edged lower on Thursday amid disappointing economic data and slowed stimulus progress. New US weekly jobless claims jumped to an unadjusted 853,000 for the week that ended Saturday, handily exceeding the 725,000 estimate. The reading also marks the highest total in 11 weeks. Democrats and Republicans remain at […]
US stocks dip as stimulus hopes waver and jobless claims hit 11-week high
Markets

US stocks edge towards new records after jobless claims fall more than expected

US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labour-market improvement. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. The mild uptick puts the S&P 500 at […]
US stocks edge towards new records after jobless claims fall more than expected
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