Wall Street falls on Italy worries; bank shares drop

Wall Street falls on Italy worries; bank shares drop

NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average registered their biggest one-day percentage drops in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled. Traders work on the floor of the New York Stock Exchange […]

Wall Street dips after Trump cancels North Korea summit; Netflix gains

Wall Street dips after Trump cancels North Korea summit; Netflix gains

NEW YORK (Reuters) – U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric. Trump’s order on Wednesday for an investigation into whether vehicle and […]

Wall Street posts weekly loss as banks, chipmakers weigh

Wall Street posts weekly loss as banks, chipmakers weigh

NEW YORK (Reuters) – The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. All three major U.S. stock indexes posted a weekly loss as the markets reacted to reports from the U.S.-China trade summit, rising U.S. […]

Wall Street rallies and Apple approaches $1 trillion value

Wall Street rallies and Apple approaches $1 trillion value

(Reuters) – Wall Street jumped on Thursday, and Apple inched closer to a $ 1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year. Fueled by a $ 100 billion buyback plan unveiled last week, Apple rose 1.43 percent to a record high close of $ […]

At Milken, Wall Street touts itself as force for good

At Milken, Wall Street touts itself as force for good

BEVERLY HILLS, Calif. (Reuters) – The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place. Bill Barhydt, Founder and CEO, Abra, Alex Mashinsky, CEO, Celsius Network, Anna Irrera, Reuters FinTech Correspondent, Brent McIntosh, U.S. Department […]

Tobacco and tech drag on Wall Street; yields boost banks

Tobacco and tech drag on Wall Street; yields boost banks

NEW YORK (Reuters) – Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. The market pared some losses late in the session after Bloomberg reported that Deputy Attorney […]

Energy, transport stocks lift Wall Street, IBM drags

Energy, transport stocks lift Wall Street, IBM drags

NEW YORK (Reuters) – The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes. Higher oil prices boosted energy stocks while transport stocks such as CSX Corp […]

Wall Street gains on earnings optimism, waning Syria jitters

Wall Street gains on earnings optimism, waning Syria jitters

NEW YORK (Reuters) – U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump’s suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries. The S&P 500 has now recouped nearly all its losses from earlier this year. Trump said in a […]

Wall Street looks overvalued

Wall Street looks overvalued

FEW measures of stockmarket valuation are as controversial as the cyclically adjusted price-earnings ratio, or CAPE. American equities have looked expensive on this measure for most of the past 20 years, which is why many bulls tend to dismiss its usefulness. It is pretty clear that the CAPE does not help investors to time the […]

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