Online Investment Guide

Tag: nyse

  • Wall Street slips after soft GDP data, earnings

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    U.S. stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes.

  • Wall Street slips; indexes still near record highs

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    The Nasdaq hit a record high earlier in the session, helped by a rise in Microsoft and other big tech stocks. U.S. stocks had been on a tear since Donald Trump's surprise victory in the presidential election last week as his proposals to increase infrastructure spending and reduce taxes are seen benefiting the economy. The…

  • Whole Foods founder Mackey retakes helm in turnaround

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    Whole Foods Market Inc is staking its future on blunt, vegan co-founder John Mackey, betting the man who built the high-end health food grocery chain has the best shot of leading its turnaround. Whole Foods on Wednesday said Mackey would resume his job as solo chief executive officer six years after he split the role…

  • Weak utilities demand restrains U.S. industrial production

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    U.S. industrial production barely rose in September as a rebound in manufacturing and mining output was offset by surprisingly weak demand for utilities, pointing to a moderate acceleration in economic growth in the third quarter. Gains in output are likely to be muted as the sector remains constrained by the lingering effects of the dollar's…

  • Wall Street sells off on weak earnings, election fears

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    Illumina shares plummeted 24.8 percent and were among biggest drags on the S&P 500 after the diagnostic test maker's weak quarterly update. Although overall S&P 500 earnings are currently expected to fall 0.7 percent in the third quarter, according to Thomson Reuters data, a typical number of better-than-expected reports would result in a positive quarter.…

  • Wall Street rallies, led by Deutsche Bank, financials

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    By Lewis Krauskopf NEW YORK (Reuters) – Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank. Deutsche Bank's U.S.-listed shares jumped 14 percent a day after sinking to a record low. French news agency AFP reported that Deutsche…

  • Wall Street rallies as Fed holds fire on rates

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    NEW YORK (Reuters) – Wall Street racked up gains on Wednesday, and the Nasdaq closed at a record high, after the U.S. Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market.

  • Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll

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    Wall Street's biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 out of 14 primary dealers…

  • Wall Street values Tesla Motors at $620,000 per car

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    Company founder and CEO Elon Musk may not mention Tesla Motors Inc's stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its seemingly rich valuation. After a rally that ended in April, Tesla's market capitalization is currently about $31…

  • Wall Street pushed higher by healthcare, energy stocks

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    The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the…