U.S. stocks rose Monday ahead of a busy week for investors, with key inflation data and the Fed’s last policy meeting of the year serving as highlights. The S&P 500 (^GSPC) rose by 0.5% during midday trading, while the Dow Jones Industrial Average (^DJI) increased by 0.8%. The technology-heavy Nasdaq Composite (^IXIC) advanced by 0.3%. All three major indexes ended with losses during Friday’s trading session, capping the worst week for stocks since September. The S&P 500 dropped 3.4%, while… Source link
Read More »Cloud tech played key role in COVID-19, but has more uses ahead: AWS exec
The lack of real-time data in the early days of the COVID-19 pandemic, while frustrating, was not a new problem for the U.S. A similar issue existed during the 2009 flu pandemic a decade earlier — but it was worse. “The way you found out about school-aged kids dying in emergency rooms wasn’t from a surveillance system. It was the front page of the Boston Globe,” said Dr. Taha Kass-Hout. He would know. Kass-Hout had just joined the CDC, mid-outbreak, as director of Health Informatics Solutions… Source link
Read More »Stock futures fall ahead of more economic data
U.S. stock futures sunk Monday ahead of another wave of economic data out this week. Futures tied to the S&P 500 (^GSPC) moved lower by 0.5% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked down by 0.4%. The technology-heavy Nasdaq Composite (^IXIC) fell by 0.4%. Stocks finished mixed on Friday as investors digested hotter-than-expected jobs data. The strong job gains and robust wage growth are the opposite of what the Federal Reserve would like to see in… Source link
Read More »Stocks close mixed ahead of November jobs report
U.S. stocks lagged Thursday ahead of monthly employment data as traders failed to continue momentum from a rally fueled by Fed Chair Jerome Powell’s indication of a slowdown in rate increases. The S&P 500 (^GSPC) slipped 0.1%, while the Dow Jones Industrial Average shed 200 points, or 0.6%. The technology-heavy Nasdaq Composite was an outlier — closing up 0.1%. In other pockets of the market, the U.S. dollar index retreated as the greenback had its worst monthly performance in over a… Source link
Read More »Stocks rise ahead of more Fedspeak
U.S. stocks moved higher Tuesday as investors awaited scheduled remarks from Federal Reserve officials for clues on the U.S. central bank’s path forward for interest rates. The S&P 500 (^GSPC) nudged up 0.4%, while the Dow Jones Industrial Average (^DJI) advanced by 175 points, or about 0.5%. The technology-heavy Nasdaq Composite (^IXIC) added a modest 0.1%. Wall Street will tune into speaking engagements by Cleveland Federal Reserve President Loretta Mester and St. Louis Fed President James… Source link
Read More »American journalist detained over rainbow shirt ahead of US-Wales match
AL-RAYYAN, Qatar — Two American journalists have been told to remove rainbow-patterned articles of clothing by authorities at World Cup venues in Qatar in recent days. On Saturday, Los Angeles Times reporter Kevin Baxter was told by a police officer at the U.S. men’s national team’s Qatari training site that a rainbow-colored mask was not allowed. Two days later, at the Ahmad bin Ali Stadium, where the USMNT plays Wales on Monday night, longtime soccer journalist Grant Wahl said that he… Source link
Read More »With Black Friday ahead, investors look to U.S. consumer stocks
By David Randall NEW YORK (Reuters) – As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer Target Corp, have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to… Source link
Read More »Stock futures edge higher ahead of midterms
Stocks rallied Tuesday as investors awaited the outcome of the midterm elections in the U.S. The S&P 500 (^GSPC) inched higher by 0.6%, while the Dow Jones Industrial Average (^DJI) ticked higher by 335 points, or roughly 1%. The technology-heavy Nasdaq Composite (^IXIC) edged higher by 0.5% after wavering during afternoon trading. It was the third-straight day of gains for the major indexes ahead of another week of potential market-moving events: corporate earnings, midterm elections, and… Source link
Read More »Etsy set to report earnings ahead of holiday season
Etsy (ETSY) stock popped 9% in after-hours trading on Wednesday after the e-commerce company reported third-quarter revenue that beat analysts’ expectations. Here are the key figures compared to Wall Street’s expectations, compiled from Bloomberg: Revenue: $594.5 million actual versus $563.6 million expected Gross Merchandise Sales: $3 billion actual versus $2.92 billion expected Loss Per Share: -$7.62 actual versus 76 cents expected Active Buyers: 94 million actual versus 95.5 million… Source link
Read More »Stocks futures up slightly ahead of big earnings week
U.S. stocks started the week wavering as Wall Street awaits earnings from the market’s biggest players. The S&P 500 (^GSPC) edged higher 0.4%, while the Dow Jones Industrial Average (^DJI) ticked up 0.5%. The technology-heavy Nasdaq Composite (^IXIC) slid by nearly 0.1% at the open. Treasury yields retreated after a relentless climb last week that saw the 10-year note temporarily hit a 14-year high above 4.3%. On Friday, the Wall Street Journal reported that some Federal Reserve officials… Source link
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