Wall Street advances on strong industrial data but posts weekly losses

NEW YORK (Reuters) – The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street’s major indexes posted losses for the week. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. […]

Morgan Stanley raises targets, but Wall Street wants more

(Reuters) – Morgan Stanley raised key profitability and efficiency targets on Thursday, but those loftier goals failed to impress Wall Street analysts, who repeatedly asked Chief Executive Officer James Gorman why the bank could not do even better. The new targets came after Morgan Stanley reported fourth-quarter results that beat analyst estimates and exceeded Gorman’s […]

Wall Street falls on China, NAFTA concerns

NEW YORK (Reuters) – The three major U.S. stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement. The S&P and the Nasdaq snapped a six-day rally after Bloomberg reported that […]

Wall Street quiet on last trading day of a strong year

NEW YORK (Reuters) – There were no fireworks on Wall Street for the last trading day of the year, as U.S. stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session. Major indexes hit a series of record […]

Wall Street slips heading into holiday

NEW YORK (Reuters) – Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped, including Nike. Nike Inc (NKE.N) shares fell 2.3 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market. UnitedHealth Group Inc (UNH.N) was […]

Tax plan optimism propels Wall Street to record highs

NEW YORK (Reuters) – Wall Street hit record closing highs on Monday as optimism increased about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage. The Nasdaq surpassed the 7,000-point mark during the session but closed below that level. The Republican-controlled U.S. Congress is expected to begin voting […]

That Net Neutrality Op-ed in the Wall Street Journal Was Written By a Comcast Attorney

That Net Neutrality Op-ed in the Wall Street Journal Was Written By a Comcast Attorney

In the face of widespread opposition, the Federal Communications Commission rolled back net neutrality protections that prevented internet service providers from charging websites for faster download speeds. The vote fell along party lines. But one Democrat, Barack Obama’s former Federal Trade Commission chief Jon Leibowitz, dismissed net neutrality repeal as no big deal in the pages […]

Political risk on Wall Street? Buy the dip!

SAN FRANCISCO (Reuters) – An abrupt stock selloff on Friday, sparked by a report that magnified concerns about President Donald Trump’s potential links with Russia, prompted Wall Street’s favorite reaction in recent months: “Buy the dip.” Traders watch, as a television displays the news about former U.S. national security adviser Michael Flynn, at the New […]

Whipsawed by Washington, Wall Street ends modestly lower

(Reuters) – Wall Street fell on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the U.S. election as well as with progress on a tax bill in Congress. A specialist trader works at his post on the floor, as a television displays the news about former U.S. national security adviser Michael […]

Wall Street gains, Dow tops 24,000 as tax bill gains steam

NEW YORK (Reuters) – The S&P closed at a record high and the Dow Jones Industrial Average broke above the 24,000 mark for the first time on Thursday as investors gained confidence that the Republican party’s push for a U.S. tax overhaul would succeed. Traders work on the floor of the New York Stock Exchange, […]