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U.S. stocks soared on Monday — buoyed by a round of solid bank results and a reversal of tax cut plans in the U.K. — as investors assembled for a big week of corporate earnings.
Investors are navigating a murky week marked by producer and consumer inflation data and the first reporters of the Q3 earnings period, which include four of the country’s largest banks by assets.
All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
Elsewhere in stock moves Monday, Spotify Technology shares rose roughly 2.1% after the company confirmed the music streaming platform will cut 6% of its workforce, adding to a growing bout of cost ...
The stock was down -8.49% to trade at $857.81 per share in the afternoon session as of 1:16 p.m. ET. 12:54 p.m. ET: Stocks lose steam after strong morning gains Here were the main moves in markets ...
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. REUTERS/Brendan McDermid (Brendan McDermid / reuters)
U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 increased by 1.1%, while the Dow Jones Industrial ...
U.S. stocks extended this week's dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020.. The S&P 500 rose 0.9%, notching ...