Small-cap benchmark closes at highest level since 2021 The Russell 2000 outperformed on Wednesday, notching its highest closing level in nearly three years. The small-cap benchmark added 1.64%, posting its fourth straight winning session and its highest close since November 2021. These smaller names are expected to put on a strong showing as the Federal…
Good morning. Shares of smaller firms hit the highest level in almost three years. Still, Morgan Stanley came through with a surge in its stock after a solid earnings report. And if you’ve dreamt about a move to a villa in Dubai, start planning now. Listen to the day’s top stories. Note to readers: Welcome…
The Dow Jones Industrial Average climbed while other major indexes struggled for gains in morning trades Wednesday, as stocks tried to recover from the previous session’s sell-off. One of the winners was Nvidia (NVDA), also looking to make a comeback on the stock market today in the wake of a steep drop. ↑ X NOW…
Shares of Nvidia fell 5% as global chipmakers lost $420 billion in market cap on Tuesday. (Photo via … [+] Smith Collection/Gado/Getty Images). Getty Key Takeaways Chip Stocks Dropped Significantly Due To ASML’s Slower Recovery Warning Nuclear Energy Stocks Rallied, Driven By AI’s Growing Energy Needs Morgan Stanley Outperformed, While Banking Sector Faces Interest Income…
Stocks were lower Tuesday morning, with the Dow Jones Industrial Average pulling back after reaching a milestone Monday and the S&P and Nasdaq slightly lower. Big bank stocks including Goldman Sachs (GS) and Bank of America (BAC) were mixed after reporting earnings. The Nasdaq composite reversed lower 0.2% on the stock market today. The S&P…
Check out the companies making headlines before the bell. Bank of America — Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts’ estimates. Earnings came in at 81 cents, beating the 77 cents expected from analysts polled by LSEG. Revenue was $25.5 billion, versus the $25.3 billion consensus estimate. Johnson &…
The Post continues its scrutiny of words and phrases that have entered the Chinese lexicon which reflect the societal changes and challenges that have taken place in the country in recent times. In the second of our two-part linguistic exploration, we delve into sayings that reflect individuals’ efforts to adapt and survive in a country…
Good morning. The S&P 500 rose to new heights just as corporate earnings season kicks into high gear. Tesla’s Optimus robots were actually operated by humans. And a pair of pandas are heading to Washington from China. Listen to the day’s top stories. Stocks jumped to a fresh peak, with the S&P 500 notching its…
There’s an unusual divergence in Corporate America’s profit outlook this season: while analysts have cut forecasts, company guidance points to another strong quarter. Data compiled by Bloomberg Intelligence show analysts expect S&P 500 firms to report a 4.2% increase in third-quarter earnings versus a year earlier, down from a 7% forecast in mid-July. Guidance by…
The first big week of the earnings season is here, with several major financial and consumer-facing stocks slated to report their latest results. Nearly 40 S & P 500 are scheduled to post their calendar third-quarter results, including Netflix and Procter & Gamble . Big banks Goldman Sachs and Bank of America are also on…