Wall St. rises with oil prices, earnings optimism

(Reuters) – Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season. The S&P energy sector .SPNY closed up 2 percent as Brent crude LCOc1 went above $ 70 a barrel for the first time since December 2014, boosted by […]

Higher bond yields, soft earnings weigh on Wall St.

Higher bond yields, soft earnings weigh on Wall St.

NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the Dow Industrials and S&P 500 indexes suffering their worst day in seven weeks, on a batch of soft quarterly earnings and a rise in bond yields. Benchmark U.S. 10-year note US10YT=RR yields hit a seven-month high of 2.475 percent, buoyed by economic data, recent […]

Recent hurricanes take toll on quarterly earnings

Recent hurricanes take toll on quarterly earnings

SAN FRANCISCO (Reuters) – After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits. Traders gather for the IPO of Singapore-based Sea Limited on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 20, 2017. REUTERS/Brendan McDermid […]