Anthem Inc. on Wednesday became the second major U.S. health insurer to raise its full year profit forecast, after beating third-quarter profit estimates on the back of lower-than-expected medical costs. The number two U.S. health insurer raised its outlook for the third time this year, saying it now expected 2021 adjusted profit to exceed $25.85…
Wall Street Ends Higher as Investors Bet on Positive Earnings Season
October 20, 2021
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U.S. stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate. In its fifth straight session of gains, the benchmark S&P 500 index finished just 0.4 percent below its…
Wall Street Rises as Earnings Whip Up Risk Appetite
October 19, 2021
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U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week. The benchmark S&P 500 index is now less than 1 percent away from a record high hit in early September, with…
Quiz: How Well Do You Know Your Wall Street?
October 18, 2021
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Wall Street Falls on Slowing China Growth, Inflation Worries
October 18, 2021
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Wall Street’s main indexes fell on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation. Data showed China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector. “There is some…
Wall Street Banks Set to Profit Again When Fed Withdraws Pandemic Stimulus
NEW YORK—Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets. With the central bank nearing the time when it will start winding down its asset purchases, banks are set to profit again as increased volatility encourages clients to…
Wall Street Ends Up With Goldman; Dow Posts Biggest Weekly Rise Since June
October 16, 2021
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NEW YORK—U.S. stocks rose on Friday and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs rounded out a week of strong quarterly earnings for the big banks. Goldman Sachs Group shares jumped 3.8 percent and gave the Dow its biggest boost, as a record wave of dealmaking activity drove a…
Wall Street Opens Higher on Goldman Earnings, Retail Sales Data
October 15, 2021
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Wall Street’s main indexes opened higher on Friday after Goldman Sachs rounded out a strong earnings season for big banks, while a surprise rise in retail sales strengthened views about economic recovery. The Dow Jones Industrial Average rose 111.07 points, or 0.32 percent, at the open to 35,023.63. The S&P 500 opened higher by 9.43…
Wall Street Tracks Weekly Gains on Strong Banks Earnings, Retail Sales Data
October 15, 2021
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U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery. Goldman Sachs gained 2.7 percent as a record wave of dealmaking activity drove a surge in the bank’s…
Wall Street Rallies 1 Percent on Upbeat Earnings, Tech Strength
October 14, 2021
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Wall Street’s main indexes rallied on Thursday as a surge in technology stocks and strong quarterly results helped investors to look away from inflation concerns. The biggest boost came from growth names including Facebook Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc., Apple Inc., and Google-parent Alphabet, which rose more than 1 percent. Bank of America…
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