NEW YORK—Wall Street pushed higher Monday ahead of a week full of updates about where profits for big U.S. companies are heading. The S&P 500 rose 17.37, or 0.4 percent, to 4,522.79 and its highest closing level in 15 months. The Dow Jones Industrial Average gained 76.32, or 0.2 percent, to 34,585.35, and the Nasdaq…
Stock Market Today: Wall Street Pushes Higher as Earnings Season Ramps Up
How Major US Stock Indexes Fared July 17
Wall Street is closing higher ahead of a week full of updates about where profits for U.S. companies are heading. The S&P 500 rose 0.4 percent Monday. The Dow and the Nasdaq also rose. Stocks elsewhere around the world slipped after China reported weaker economic growth for the spring than expected. While that’s helped to…
S&P 500, Nasdaq Start Week Higher as Investors Await More Results
The S&P 500 and the Nasdaq inched higher on Monday after last week’s strong gains, with investors cautious ahead of quarterly results from industry heavyweights through the week. The Dow Jones Industrial Average fell 9.29 points, or 0.03 percent, at the open to 34,499.74. The S&P 500 opened higher by 3.44 points, or 0.08 percent,…
Dollar Hovers Around 15-month Low as Traders Await Policy Decisions
LONDON/SYDNEY—The dollar edged lower on Monday against a basket of currencies after suffering its biggest weekly drop of the year as traders waited on economic data and policy decisions before selling it down any further. The euro continued climbing, rising 0.15 percent to hit a fresh 16-month high at $1.12440. Versus the yen the dollar…
Oil Slides More Than 1 Percent as Chinese GDP Dents Demand Hopes
LONDON—Oil dropped by more than 1 percent on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world’s second-biggest oil consumer while a partial restart of halted Libyan output also pressured. China’s gross domestic product (GDP) grew 6.3 percent year on year in the second quarter, compared with analyst forecasts…
Global Shares, Dollar Sag After China Data; Traders Bet on Fed Sea Change
July 17, 2023
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LONDON—Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to U.S. rate rises. China reported economic growth of 0.8 percent in the second quarter, above the 0.5 percent forecasted,…
Investors Exit Downgraded Target Stock
Mega retailer Target has not recovered from consumer boycotts triggered after the company promoted Pride merchandise, with share prices and market cap declining significantly along with financial and popularity metrics. American consumers started boycotting Target in May, after the retail chain rolled out its transgender collection, which included some items that targeted children, including books,…
Stock Market Today: A Raucous Week for Wall Street Closes With a Quiet, Mixed Finish
NEW YORK—Wall Street’s latest winning week closed with a mixed finish on Friday following stronger profit reports than expected from several big U.S. companies. The S&P 500 slipped 4.62, or 0.1 percent, to 4,505.42 to edge back from its highest closing level since April 2022. The Dow Jones Industrial Average rose 113.89, or 0.3 percent,…
How Major US Stock Indexes Fared July 14
Another winning week for Wall Street drifted to a quiet close following profit reports from several big U.S. companies that topped expectations. The S&P 500 fell 0.1 percent Friday, coming off its highest close since April 2022. The Dow rose 113 points, or 0.3 percent, and the Nasdaq slipped 0.2 percent. UnitedHealth Group jumped after…
Strong Big Bank Earnings Lift Wall Street at Open
Wall Street’s main indexes opened higher on Friday after three of the country’s top lenders including JPMorgan Chase and Wells Fargo commenced second-quarter earnings for big U.S. banks on a strong note. The Dow Jones Industrial Average rose 30.19 points, or 0.09 percent, at the open to 34,425.33. The S&P 500 opened higher by 4.57…
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