Global Stock Market

Amazon reported its second quarter earnings, lifting the company’s stock up by 7%, despite concerns about its cloud business’s future. Cost cutting in addition to surging online sales contributed remarkedly in the robust Q2 earnings.The company reported a small but vital beat for revenue in its cloud business, Amazon Web …

Sweden’s Volvo reported on Thursday a 21 percent rise in car sales in July compared to the same period last year, when it sold 54,165 cars, the 11th consecutive month of year-on-year growth. In the first seven months of 2023, Volvo sold 395,856 cars globally, up 18 percent compared to …

The S&P 500’s 16-month high has lost momentum due to disappointing earnings from several companies. Traders also waded through mixed data on job openings, with JetBlue Airways retreating after slashing its full-year profit forecast and saying it would earn less than analysts expected this quarter. Cruise operators fell as Norwegian …

US stocks closed with little change on Monday, ending a strong July on upbeat company earnings and hopes of a soft landing for a resilient US economy. All three major stock indexes ended with gains for the month, ahead of a busy week of earnings reports from companies including Amazon.com …

The Stoxx Europe 600 Index rose 0.1% on Monday as new data showed the euro zone economy returned to growth in the three months through June and inflation fell.The combined gross domestic product of the 20 countries that use the euro grew at an annualized rate of 1.1% in the …

Procter & Gamble reported slightly better fiscal quarter results than Wall Street had anticipated due to higher prices. CEO Jon Moeller stated that consumers remain strong and seek brands they know and trust. P&G benefits from a decline in commodity prices, particularly in petro and pulp prices, but labour costs …

Eurozone blue-chip shares rallied to their highest in more than 15 years on Thursday as investors anticipated the European Central Bank was close to the end of its tightening cycle. The EURO STOXX 50 index was up 2.3%, touching its highest level since December 2007, while the pan-European STOXX 600 …

In a letter to investors on Wednesday, Barclays analysts expressed their concern that Apple’s forecast for the September quarter would fall short of market expectations. Despite the likely miss, the analysts said it’s not obvious that it matters for the stock because “bulls may expect a stronger Dec-Q.” They rate …

As traders considered the most recent earnings reports, the Dow Jones Industrial Average closed higher for the 12th straight day, recording its longest winning streak in more than six years. The Dow gained 26.83 points, or 0.08%, to reach 35,438.07, making it the 30-stock index’s 12th straight winning session and …

Google’s parent company; Alphabet, reported Q2 earnings on Tuesday, beating expectations on both the top and bottom lines, sending the stock up as much as 6% in after-hours trading. Google ad revenues totaled $58.14 billion in the quarter, better than the $57.5 billion expected and $56.3 billion reported in the …