NEW YORK (Reuters) – Bank strategists are raising their estimates for U.S. corporate profitability this year following surprisingly strong fourth-quarter earnings and growing optimism about an economic rebound.FILE PHOTO: A screen that charts the S&P
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Nasdaq set to bounce as tech stocks stabilize after rout
(Reuters) – Wall Street’s main indexes were on track to open higher on Wednesday, as technology-focused companies climbed following three sessions of intense selling that sent the Nasdaq Composite index lower by 10%. Tesla Inc’s
Read moreGlobal stocks fall as tech remains under pressure, Tesla tumbles
NEW YORK (Reuters) – U.S. stocks dropped for a third straight session on Tuesday as a sell-off in high-flying technology names continued from the prior week, while Tesla was poised for its worst day in
Read moreWall Street closes higher with defensive bets out front
NEW YORK (Reuters) – The S&P 500 closed higher on Wednesday for the ninth time in the past 10 sessions, with defensive and value stocks taking their turns to lead the gains after data showed
Read moreWall Street closes higher with defensive bets out front
NEW YORK (Reuters) – The S&P 500 closed higher on Wednesday for the ninth time in the past 10 sessions, with defensive and value stocks taking their turns to lead the gains after data showed
Read moreWall Street climbs with defensive sectors out front
(Reuters) – The S&P 500 rose on Wednesday for the ninth time in the past 10 sessions although defensive sectors took their turn to lead the gains after data showed U.S. private payrolls expanded last
Read moreTech stocks boost futures ahead of private payrolls data
(Reuters) – S&P 500 futures rose on Wednesday for the ninth time in past ten sessions helped by a rally in tech stocks, as focus turns to economic data that is likely to show a
Read moreTech stocks fuel Wall Street rally as factory activity expands
NEW YORK (Reuters) – The S&P 500 and the Nasdaq hit new highs on Tuesday with technology leading the charge as Apple and Zoom Video soared and better-than-expected U.S. manufacturing sector data fueled optimism about
Read moreNasdaq rallies while S&P 500 heads for biggest August since 1984
NEW YORK (Reuters) – While the S&P was on track for its steepest August percentage gain in more than three decades it was largely unchanged for Monday’s session as investors took a pause although the
Read moreWall Street mixed as S&P 500 heads for best August since 1984
(Reuters) – The S&P 500 hovered near record highs on Monday as bets on a rebound in economic activity due to prolonged central bank support put the index on course for its best August in
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