The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve’s first steps to begin paring its pandemic-era support. Shares of Qualcomm Inc. jumped 8.1 percent in pre-market trade after the chipmaker forecast better-than-expected profit and revenue…
S&P, Nasdaq Futures Scale New Heights on Earnings Boost
November 4, 2021
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Big Tech, Chipmakers Power S&P 500, Nasdaq to Record Highs
November 4, 2021
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The S&P 500 and the Nasdaq hit record highs on Thursday on stellar earnings reports, with investors looking past the Federal Reserve’s asset tapering plan as borrowing costs remain low. The Dow slipped from an all-time closing high hit on Wednesday, dragged down by big banks JPMorgan Chase & Co. and Goldman Sachs Group which…
Equities Eye Third Week of Gains After Tech Boost, Dollar Dips
October 22, 2021
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LONDON—Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows. MSCI’s broadest gauge of global shares was up 0.1 percent, 1.4 percent higher on the week and just 0.8 percent off its…
Wall Street Set to Open Higher on Bargain Hunting, Merck Boost
October 1, 2021
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Wall Street’s main indexes were set to rise on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral COVID-19 drug. Shares of Merck & Co. Inc. jumped 8.3 percent in premarket trading after the company’s experimental oral drug for…
Lifting International Travel Restrictions Will Boost US Economy: Commerce Chief
September 24, 2021
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WASHINGTON—U.S. Commerce Secretary Gina Raimondo said on Thursday that the decision by the Biden administration to lift international travel restrictions in early November will be a boost to the U.S. economy, especially for tourist destinations like New York and for business travel. Raimondo said the decision announced Monday to allow fully vaccinated foreign nationals to…
US Retail Sales Unexpectedly Rise in June
WASHINGTON—U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. The rebound in sales reported by the Commerce Department on Friday was despite purchases of motor vehicles declining again because of a lack of supply caused by a global semiconductor shortage. The scarcity of…
Vouchers Provide $19 Million Boost to the SA Economy
A second round of accommodation vouchers designed to help the tourism sector during the COVID-19 pandemic has provided a $19 million boost to the South Australian economy. Premier Steven Marshall says the vouchers generated 36,000 bookings, bringing cash to the state’s regions and the Adelaide CBD. “Across round one and two of the vouchers, we’ve…
West Virginia Governor Wants to Boost Vaccine Administration to At Least 5 Million Per Day
West Virginia Gov. Jim Justice called for a ramp-up of vaccination administration efforts to between 5 and 10 million shots per day, and suggested Congress adopt a targeted vaccine bill quickly to help states fund immunizations rather than wait for a large relief package that could be delayed for months by partisan squabbling in Washington. Justice…
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