Stocks rise, Nasdaq outperforms as strong earnings offset economic fears
Stocks were mixed Friday, with the S&P 500 and Dow down as energy companies sold off after Exxon Mobil (XOM) and Chevron’s (CVX) grim quarterly results. The Nasdaq held in positive results after a slew of better than expected corporate earnings…
Samsung Electronics defies pandemic with profit rise
South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales. Long known as the…
Qualcomm Shares Rise on Strong Forecast, Huawei Agreement
(Bloomberg) — Qualcomm Inc. gave a strong sales forecast for the current quarter, signaling that fifth generation mobile phone services are taking off. The chipmaker also announced a new licensing deal with China’s Huawei Technologies Co., sending…
Stocks fall as US-China concerns rise; Dow components Intel, AmEx drop after earnings
Stocks fell Friday morning as relations between the US and China were tested further, and after a handful of companies reported quarterly results that disappointed Wall Street. China on Friday ordered that the US close its consulate in the populous city…
Stock futures fall as US-China concerns rise, earnings roll in
Stock futures fell Friday morning as relations between the US and China were tested further. China on Friday ordered that the US close its consulate in the populous city of Chengdu, in response to the Trump administration’s directive to force Beijing to…
Stocks struggle for direction as US-China tensions rise, earnings roll in
Stocks rose Wednesday, shaking off earlier concerns as tensions appeared to flare again between the US and China. Pfizer led gains in the 30-stock Dow after the drugmaker and a partner announced a near $2 billion agreement with the US government over…
Stock futures mostly lower as US-China tensions rise, earnings roll in
Stock futures were mostly lower Wednesday morning as tensions appeared to flare again between the US and China. Investors also digested a batch of corporate earnings results, and eyed a rocky start to talks over another round of coronavirus-related…
Stocks Rise While Tech Rally Falters; Oil Gains: Markets Wrap
(Bloomberg) — U.S. stocks rose for a third day, though the surge in megacap tech shares wobbled, as Congress negotiated a fresh relief package and European leaders agreed on a landmark recovery plan. Oil jumped. The S&P 500 added to its highest…
Stock futures rise as investors eye stimulus in the EU, US
Stock futures rose Tuesday morning, following global equities higher after European Union leaders agreed to a breakthrough fiscal stimulus deal to help support the virus-stricken region. The risk rally also sent crude oil prices up more than 2% to more…
S&P 500, Nasdaq rise on vaccine hopes, tech boost
By Devik Jain and Medha Singh (Reuters) – The S&P 500 rose on Monday as promising early data on a host of COVID-19 vaccine candidates countered fears over a surge in infections, while gains in technology stocks put the Nasdaq on track for a…