Dow Inc. on Thursday forecast better-than-expected revenue for the fourth quarter after beating estimates on higher prices across its business following a rebound in economic activity and tight supplies after Hurricane Ida. Demand for the company’s chemicals, used in everything from plastic and food packaging to textiles, electronics, and paints, has bounced back as industrial…
Dow Expects Strong Sales as Higher Prices Power Beat
October 21, 2021
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S&P, Nasdaq Enjoy Boost From Big Tech Firms, Dow Ends a Hair Lower
October 19, 2021
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The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc. and appeared optimistic about the third-quarter earnings season. After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with…
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…
Tech Stocks Lift Nasdaq, Banks Weigh on S&P 500, Dow
October 13, 2021
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The Nasdaq rose on Wednesday as technology stocks returned as market favorites amid concerns about rising inflation, while banking stocks slipped despite strong quarterly results from JPMorgan. Technology and communication services were among the few gainers among the 11 major S&P sectors. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and…
Dow Aims to Add $3 Billion to Core Earnings by 2030 With New Net-Zero Unit
Dow unveiled on Wednesday plans to boost its core earnings by $3 billion a year over the next decade, with investments that include building a new net-zero carbon emissions ethylene and derivatives facility in Alberta, Canada. The chemicals maker, once part of DowDupont, joins a growing list of companies that have announced plans to cut…
S&P 500, Dow Gain Amid Inflation Concerns, Debt Ceiling Debate
NEW YORK—Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains. The S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury…
Dow, S&P Futures Inch Higher as Banks, Energy Stocks Jump
September 27, 2021
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Futures tracking the Dow and the S&P 500 index edged higher on Monday, as investors pivoted towards economically sensitive sectors, with focus turning towards upcoming economic readings and ongoing talks over increased government spending. Oil majors Exxon Mobil and Chevron Corp. rose 1.5 percent and 1.2 percent in premarket trade, respectively, tracking crude prices, while…
Dow, S&P 500 End With Gains up After Bumpy Week, but Nike Drags
September 25, 2021
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NEW YORK—The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike. Athletic wear company Nike’s shares fell 6.3 percent and were the biggest drag on the Dow and the S&P 500 after it delivered a…
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