U.S. stock indexes opened slightly higher on Wednesday, helped by a fresh batch of upbeat earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, at the open to 35,835.43. The S&P 500 opened higher by 5.43 points, or 0.12 percent, at 4,580.22, while the Nasdaq Composite gained 40.29 points, or 0.26…
Wall Street Opens Higher After Upbeat Earnings Reports
October 27, 2021
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Nasdaq Rises After Strong Microsoft Forecast
October 27, 2021
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The Nasdaq led gains among Wall Street indexes on Wednesday after a robust forecast from Microsoft supported optimism about the third-quarter earnings season, while a decline in oil prices hurt shares of energy companies. The S&P 500 index and the Dow Jones Industrial Average struggled for direction in the first hour of trading, with seven…
Solid Earnings Nudge US Stocks Further Into Record Heights
Technology and health care companies helped push stocks higher on Wall Street Tuesday, nudging major indexes to new highs. The S&P 500 rose 0.2 percent and notched its second all-time high in two days. The Dow Jones Industrial Average rose less than 0.1 percent, good enough for its third straight record high. The Nasdaq also…
Global Supply Chain Logjams, Costs in Focus as Restaurant Chains Report Earnings
October 26, 2021
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NEW YORK—Investors hope to gauge the impact of the global supply-chain logjam on restaurant expansion plans when McDonald’s Corp., Starbucks Corp., and Yum Brands Inc. report capital expenditures in their earnings this week. Skyrocketing prices for kitchen equipment—as well as for labor, food, and other goods—are prompting some U.S. restaurant chains to curtail opening plans…
S&P, Dow Futures Hit Record Highs as Investors Eye Tech Earnings
October 26, 2021
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The S&P 500 and Dow futures hit record highs on Tuesday as Facebook rose after its quarterly results and a share buyback plan, turning the spotlight on its technology peers set to report later in the day. Facebook Inc. rose 2.5 percent in premarket trading even as the social media giant warned that Apple Inc.’s…
Stocks Across the World Buoyant on Upbeat Earnings
October 26, 2021
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LONDON/HONG KONG—Shares made slim gains around the world on Tuesday, with upbeat corporate earnings buoying European shares and outweighing recurring worries about China’s property sector. The broad Euro STOXX 600 hit its highest in seven weeks, adding 0.5 percent, with German stocks gaining 0.9 percent. After a stellar quarter for U.S. and British banks, Switzerland’s…
Tesla, PayPal Lift S&P 500 and Nasdaq Ahead of Big Tech Earnings
October 25, 2021
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U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets. Tesla Inc. rose 4.5 percent to a record high after car rental firm Hertz placed an order…
Futures Edge Higher as Big Tech Earnings Take Centre Stage
October 25, 2021
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U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was not interested in buying Pinterest. Tesla Inc. rose 2.6 percent in premarket trading after the electric-car maker raised prices of its Model X, Model S variants…
Stocks Brace for Blockbuster Earnings Week, Pause After 8 Days of Gains
October 25, 2021
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LONDON—World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices. European stocks edged higher in early London trading while U.S. stock futures held firm as investors shrugged off the possible…
Analysts Cut Asia’s Corporate Earnings Estimates on Growth Concerns
October 21, 2021
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Asian companies’ earnings have been downgraded for the first time in 16 months, data shows, on concerns over slowing growth in China and on worries that higher inflation and supply chain disruptions would weigh on profits. According to Refinitiv IBES estimates data, MSCI Asia-Pacific companies’ earnings estimates for the next 12 months have been cut…
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