Wall Street opened higher on Friday, showing signs of a rebound after taper talks in the Fed July meeting minutes weighed on investor’s sentiment. In addition, a hawkish tone by Dallas Fed President Robert Kaplan calmed market fears over scaling back asset purchases too soon. Kaplan told Fox News earlier …
Read More »Wall Street Mixed with Investors Reacting to Fed Minutes
The main indices of the New York Stock Exchange (NYSE) finished Thursday with a mixed performance. Despite a rebound by tech stocks, with the decline in Treasury bond yields, Wall Street remained negatively impacted by the Federal Reserve’s July meeting minutes that indicated plans to scale asset purchases sooner than …
Read More »Wall Street Opens Lower on Fears of Subsidy Cuts And Commodity Losses
US stocks opened lower on Thursday on concerns that the Federal Reserve may begin to rein in its massive monetary stimulus program, while commodity-related stocks tumbled as oil and metals prices sank to a multi-month low. The Dow Jones Industrial Average fell 86.02 points, or 0.25 percent, to 34,874.67 points, …
Read More »Wall Street Extends Losses Following Fed’s Minutes
The benchmark indices in the New York Stock Exchange (NYSE) finished lower for the second consecutive session on Wednesday, with Wall Street responding to the Federal Reserve’s July meeting minutes that showed a path to cut back the massive asset purchases before the end of 2021 or in January. The …
Read More »Wall Street Recovers Earlier Losses and Finishes Mostly at New Record Highs
The main indices of the New York Stock Exchange (NYSE) continued to show a mixed performance, with Wall Street investors seemingly not paying much attention to the disappointing economic data in the U.S. and China. The Dow Jones Industrial Average closed higher by 110.02 points, or 0.31%, at 35,625.4 points, …
Read More »Wall Street End the Week Mixed
The main indices on Wall Street showed a mixed performance this week, with investors focusing on earnings reports and economic indicators, and rising Treasury yields weighing on tech stocks. The Dow Jones Industrial Average rose modestly by 15.53 points to hit a new record high closing level at 35,515.38 points, …
Read More »Disney Exceeds Expectations in Quarterly Results and Stock Soars 5%
The Walt Disney Company has registered a huge surge in revenues, backed by higher sales as more people return to visit the famous theme park and the number of subscriptions to its streaming services growing steadily. Disney reported its best sales and profit since the onset of the coronavirus pandemic, …
Read More »U.S. Stocks at Record Highs Following Inflation Data
The New York Stock Exchange (NYSE) managed to close mostly higher on Wednesday, with the Dow and S&P 500 indices finishing at new record highs for the second consecutive session, with Wall Street investors focusing on inflation data in the U.S. Earlier, data by the U.S. Department of Labor showed …
Read More »Dow Closes at Record High after Senate Passes Infrastructure Bill
U.S. stocks rose on Tuesday with the Dow and S&P 500 indices closing at new record highs after the Senate passed a $1 trillion infrastructure bill. Wall Street investors are seemingly optimistic about the prospects for increased public expenditure on infrastructure and public services, as it could create many jobs …
Read More »Wall Street Mostly Lower in Early Trades
The main indices of the New York Stock Exchange (NYSE) rose in early Tuesday trade, after closing mostly lower in the first session of the week. Positive earnings reports and anticipation for passing a massive infrastructure spending bill by Congress are providing support for Wall Street, despite concerns about the …
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