NEW YORK—U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market. Adding to investor caution, the Federal Reserve is expected to release minutes on Wednesday from its last policy meeting, which market participants will…
Wall Street Closes Lower on Jitters Ahead of Earnings, Fed Minutes
October 13, 2021
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Wall Street Flat on Concerns Over Inflation Impact on Profits
October 12, 2021
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U.S. stock indexes were trading largely flat in a choppy session on Tuesday on worries over the impact of rising inflation on upcoming third-quarter earnings, while Tesla gained after record China-made vehicles sales. Eight of the 11 major S&P 500 sector rose, led by defensive utilities, real estate, and consumer staples shares, which investors prefer…
Wall Street Ends Choppy Session Lower on Earnings Jitters; Financials Down
October 12, 2021
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NEW YORK—U.S. stocks ended a choppy session lower on Monday as investors grew nervous ahead of third-quarter earnings reporting season. Supply chain problems and higher costs for energy and other things have fueled concern about earnings, set to kick off with JPMorgan Chase & Co. results on Wednesday. Indexes reversed early gains after midday and…
Stocks Give up an Early Gain and End Lower on Wall Street
Stocks closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates. The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15 points, or 0.7 percent, to 4,361.19. The benchmark index gained…
Wall Street Rises as Big Tech, Financials Gain
October 11, 2021
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U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week. Mega-caps Apple Inc., Tesla Inc., and Microsoft Corp, rose between 0.6 percent and 1 percent, with nine of the 11 major S&P 500 sector indexes trading higher….
Surging Oil Prices Lift Material, Energy Stocks on Wall Street
October 11, 2021
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NEW YORK/LONDON—Oil prices surged again on Monday to multi-year peaks, giving a fillip to materials and energy shares and helping U.S. stocks to reverse early declines as investors looked past stagflation risks for now. U.S. crude jumped 2.28 percent to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9 percent…
Wall Street Week Ahead: Energy Price Spike Adds Market Risk as Earnings Arrive
October 9, 2021
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NEW YORK—U.S. stock market investors are gauging whether more volatility is ahead because of surging global energy prices, which could drive up inflation, erode profit margins, and pressure consumer spending. Stocks rebounded this week after Monday’s losses left the S&P 500 down 5.2 percent from its record high hit in September. A truce in the…
Wall Street Mixed After September Jobs Miss
October 8, 2021
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U.S. stocks oscillated between gains and losses on Friday after data showed U.S. jobs rose far less than expected in September, but not slow enough to throw the Federal Reserve off its presumed course of tapering asset purchases this year. Six of the 11 major S&P sectors declined, with defensive real estate, healthcare, and utilities…
Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce
October 8, 2021
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Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month. Mega-cap stocks jumped with Apple Inc. up 0.9 percent and Amazon.com Inc. rising 1.2 percent, the biggest boosts to…
Wall Street Ends Higher on Optimism About US Debt-Ceiling Deal
October 7, 2021
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Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Top U.S. Senate Republican Mitch McConnell said his party would support an extension of the federal debt ceiling into December. This would head off a historic default that would…
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