Finance
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a…
Costco stock slid in late trade after posting mixed results for its Q4 report after Thursday’s closing bell. Costco Wholesale (COST) reported earnings of $5.29 per share to beat FactSet estimates of $5.08 per share. The company reported earnings of $4.86 per share for Q4 2023. Revenue increased 1% to $79.69 billion, shy of views…
Budrul Chukrut / SOPA Images / LightRocket via Getty Images Key Takeaways Shares of beauty products maker Estée Lauder climbed 10% on Thursday, posting one of the day’s top performances in the S&P 500. The gains for the stock followed the announcement of an economic stimulus in China, which could boost consumer sentiment and help…
Apple (AAPL) closed the latest trading day at $227.52, indicating a +0.51% change from the previous session’s end. This change outpaced the S&P 500’s 0.4% gain on the day. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%. Shares of the maker of iPhones, iPads and other products have…
Traders work on the floor of the NYSE. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today All-time high,…
STORY: Wall Street ended higher on Thursday with the S&P 500 scoring a record closing high, as chip stocks rallied and investors welcomed some encouraging economic data. The Dow added six-tenths of a percent, the S&P 500 climbed four-tenths and the Nasdaq notched another six-tenths of a percent. Weekly jobless claims fell more than expected,…
(Bloomberg) — Stocks in Asia are set to extend gains as risk appetite across financial markets got a further boost from China’s latest stimulus measures and as US benchmarks hit fresh records. Most Read from Bloomberg Futures pointed higher in Hong Kong, Japan and Australia, after an index of regional shares had its best day…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Will this week be Chinese President Xi Jinping’s equivalent of Mario Draghi’s famous “whatever it takes” moment? Only time will tell if China’s volley of monetary, liquidity and fiscal stimulus shots this week sparks a sustainable economic recovery, but the rally…
Traders work on the floor of the NYSE. NYSE Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures. Nasdaq 100 futures ticked higher by less than 0.1%. In after-hours action, Costco Wholesale…
Yahoo Finance’s Senior Markets Reporter Josh Schafer joins Josh Lipton on Asking for a Trend to take look at today’s market moves. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan. Source link