Tag Archives: weigh

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation in economic growth early in the third quarter. The weak sales reported by the Commerce Department on Tuesday also reflected a plunge in online purchases, payback after Amazon pulled forward its Prime Day to June from July. With the school year getting into full swing later in August and most education districts reverting to… Source link

Stocks fell on Monday, pulling back from record levels as geopolitical and growth concerns weighed on risk appetite.  The S&P 500 declined just after market open after logging yet another record high on Friday. The Dow and Nasdaq each also dipped, and the benchmark 10-year Treasury yield fell back below 1.3%. U.S. West Texas intermediate crude oil futures sank by more than 1% to trade around $67 per barrel.  The moves came as jitters over the pace of global economic growth and risks to the… Source link

(Bloomberg) — Asian stocks and U.S. futures rose Monday as some of the concerns over China’s regulatory crackdown eased and progress on a U.S. infrastructure spending plan aided sentiment. Crude oil slid. Equities jumped in Japan and Australia, where Afterpay Ltd. surged after digital-payments platform Square Inc. agreed to buy the buy-now, pay-later company. S&P 500 and Nasdaq 100 contracts climbed as a $550 billion infrastructure package steps closer to passage in the Senate this… Source link

As the country grapples with an increase in COVID-19 cases and hospitalizations stemming from the Delta variant, businesses are working hard to reopen safely, and stay that way. In some cases, that has led to decisions about requiring proof of vaccinations. In San Francisco, conversations are swirling about how bars might soon start carding all patrons — but for proof of vaccination status instead of legal drinking age.  “We’ve had a huge number of staff coming down with COVID,” Ben… Source link

Stock futures opened lower Thursday evening to extend a risk-off mood in markets, with the three major indexes pulling back from record levels as concerns over the pace of the economic recovery flared.  Contracts on the S&P 500 ticked down. The index closed lower by 0.9% during the regular trading day, with the financials and industrial sectors coming in as the biggest laggards. The Dow and Nasdaq each also dropped during the session, but closed well off intraday lows. U.S. equity investors… Source link

Stocks were mixed Wednesday, with each of the three major indexes trading close to the flat line as investors digested an onslaught of corporate earnings results and looked ahead to a monetary policy decision from the Federal Reserve.  The S&P 500 ticked higher, after the index ended just short of a record high during the regular trading day on Tuesday. Shares of Alphabet (GOOGL) gained after the company posted first-quarter sales and profit that easily exceeded estimates, fueled by a… Source link

By April Joyner NEW YORK (Reuters) – The S&P 500 and the Nasdaq fell on Wednesday as concerns about inflation pressured stocks and investors rotated out of technology shares. The Dow Jones Industrial Average edged higher, however, aided in part by gains in shares of Verizon Communications Inc and Chevron Corp, which rose after Warren Buffett’s Berkshire Hathaway Inc disclosed major investments in the companies on Tuesday. Verizon shares climbed 5.0%, and Chevron shares advanced 2.7%. Technology… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * IBM hits two-month low on quarterly revenue miss * Intel slips on avoiding outsourcing embrace * Yellen wins unanimous Senate panel vote for Treasury * Dow down 0.57%, S&P 500 down 0.30%, Nasdaq up 0.09% (Updates market prices to close; adds closing details) By Echo Wang NEW YORK, Jan 22 (Reuters) – The Dow and S&P 500 ended modestly lower on Friday, dragged down by losses in blue-chip… Source link

Big Tech has been in the news and on our minds as this crazy year 2020 winds toward an end. While the election has resulted in divided government, unlikely to have the majorities needed for sweeping reforms in any area, there is a growing consensus the hi-tech giants are getting too big. Congress is starting to look at the giant tech firms through the lens of anti-trust legislation, while regulators, including the Justice Department and the Federal Trade Commission are considering similar… Source link

Stocks fell sharply Monday, tracking declines in European and Asian equities as concerns mounted over a new infectious strain of the coronavirus identified in the UK. The Dow shed more than 200 points, or 0.8%, while the S&P 500 dropped about 1% around market open. Stocks poised to benefit from an economic reopening – including airlines, cruise lines and lodging firms – fell Monday morning, unwinding some of the gains made over the past month amid rising vaccine optimism. The CBOE… Source link