The S&P 500 and Dow Jones have slipped, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers. A 4.7 per cent fall for Boeing drove the blue-chip Dow Jones Industrials down more than one per […]
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Wall St falls on dour US economic data
US stocks have fallen as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. Shares of Bank of America and Citigroup Inc dropped as they joined JPMorgan Chase & Co and Wells Fargo & Co in reporting a slump in first-quarter profits. […]
ASX tipped to edge higher on Wall St rise
The Australian share market is tipped to edge higher after a strong overnight session on Wall Street, where investors were buoyed by signs coronavirus lockdown measures could begin to ease. The SPI200 futures contract was up 10 points, or 0.18 per cent, to 5,500.0 points at 0700 AEST on Wednesday, […]
Wall St up 2{4c4eada76ecf1be575223a4ba5c40f01738ab49b07447a5a057265ba4edb475a} on hopes of lockdown easing
Wall Street has risen more than 2.0 per cent on signs some economies would ease strict coronavirus-induced lockdowns, with investors also looking at quarterly earnings from JPMorgan and Johnson & Johnson for clues on the business hit from the outbreak. Early gains were broad based with a 4.3 per cent […]
Wall St falls on dour earning expectations
Wall Street’s main indexes have slipped amid expectations of a painful US quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co and Wells Fargo & Co will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be offset by declines […]
Wall St rises on latest Fed rescue program
Wall Street has closed out the trading week on a high note as the US Federal Reserve unleashed another program designed to buoy local governments and businesses crushed by massive closures to stem the coronavirus outbreak. The benchmark S&P 500 index posted it best weekly gain since 1974, in a […]
Wall St up on $US2.3 trillion Fed backstop
Wall Street has risen for the third time in four days as the US Federal Reserve rolled out a massive $US2.3 trillion program to bolster local governments and businesses, while energy stocks have jumped on an expected cut in oil production. In what is likely to be its largest rescue […]
Wall St gains on signs of virus slowdown
Wall Street has risen as early signs of a slowdown in coronavirus cases in US hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working. The S&P 500 was set for its biggest two-day gain in nearly two weeks on Tuesday, building on a 7.0 per […]
Wall St jumps as coronavirus deaths slow
The S&P 500 was on track to recoup about $US1 trillion ($A1.6 trillion) in market value in a frantic rally after New York, the biggest US coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level off soon. All three main stock indexes jumped […]
Wall Street dips as record job growth ends
Wall Street has dipped as the novel coronavirus abruptly ended the longest spell of US employment growth on record, but declines were limited by a surprise expansion in the US services sector. The Labor Department’s report said a recession was under way as business activities have come to a standstill, […]