The Dow rose for a sixth straight session, adding eight tenths percent.
The S&P 500 reclaimed the 3,000 level.
Investors welcomed China's move to ease trade tensions by exempting some U.S. goods from additional tariffs.
Gerber Kawasaki CEO, Ross Gerber: SOUNDBITE: GERBER KAWASAKI CEO, ROSS GERBER (ENGLISH) SAYING: "Really, the trade war resolution just any resolution will drive these marketse at least 10% higher, and so any hint or hope or positive step that's being taken - today, China took a little conciliatory step, and you know, the markets move higher.
The markets are clearly being held back by Trump's policies"
Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of America. BoA analysts expect the sector's second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Thanks to momentum in higher-profit categories and successful online operations Walmart, Target, and Dollar Tree are in good positions.
Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.
Wall Street analysts on Wednesday weighed in on AMC Theatres' historic agreement with Universal Pictures that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas.
Credit: The Hollywood Reporter Duration: 01:27Published
On Wednesday, Shopify reported second-quarter earnings results that beat Wall Street's expectations for revenue. The company surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. Business Insider reports the Canadian e-commerce company has gained roughly 170% year-to-date.
Wall Street dropped sharply on Thursday as investors fretted over the first weekly jump in jobless claims in months and a battle in Congress over the extension of a special unemployment payout. Conway G. Gittens has the action.
Bernstein analyst Tony Sacconaghi says Tesla shares are far too expensive to recommend after more than tripling in 2020. The firm lowered its Tesla stock rating to "underperform" from "market perform" on Tuesday. It maintained a $900 price target, implying that shares will tumble 42% over the next year. Tesla recently beat earnings and crept closer to inclusion in the S&P 500. Sacconaghi said its valuation "is mind-boggling," the analyst wrote.
Exencial Wealth Advisors' David Yepez expects another profitable quarter from Tesla Wednesday that could clear the way for it to join the S&P 500. He also tells Reuters' Fred Katayama investors should snap up shares of Akamai and Sanofi on a market pullback.
The S&P 500 and the Nasdaq finished slightly higher on Friday but the Dow closed with a loss as investors kept an eye on record new coronavirus cases in the U.S. Conway G. Gittens wraps up the trading action.
Elon Musk is officially richer than Warren Buffett. Tesla stock, of which Musk is the largest holder, continues to hit record highs. Musk is worth 70-billion dollars. Tesla stock is up 259% in 2020 compared with the benchmark S&P 500 index's 1% gain. Buffett, meanwhile, donated almost $3 billion of Berkshire Hathaway stock, causing his riches to shrink.
RiverFront Investment's Chris Konstantinos says investors should get exposure to Europe partly because it has done a good job of containing the health crisis, enabling manufacturing to rebound. He tells Reuters' Fred Katayama why Germany is particularly attractive.
Homebound customers of Uber Technologies more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom. Fred Katayama reports.
Crossmark Global Investments' Victoria Fernandez is still bullish about tech stocks, but she says investors should take some profits on the big names. She tells Reuters' Fred Katayama investors should put the proceeds into Walmart, McCormick and JPMorgan Chase.
The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. Fred Katayama reports.
US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. JPMorgan gained after earnings beat Wall Street expectations. Wells Fargo slumped after reporting a loss and cutting its dividend. Coronavirus cases continue to climb in the US, forcing states to rollback reopening plans and threatening the economic recovery from the pandemic recession.
The S&P 500 ended lower Friday after a choppy session as investors weighed spiking cases of COVID-19 and Apple's announcement of fresh store closures against anticipated stimulus and continued economic recovery. Fred Katayama reports.
Video streaming service Netflix has announced support for the Hindi language across its platform. According to Techcrunch, users can choose the Hindi language from the 'Manage Profiles' section on the welcome screen which will then allow subscribers to sign up, search, and make payments in the Hindi language. Monika Shergill, VP-Content at Netflix India, said the new user interface will make the platform more accessible and suitable for members who prefer Hindi. "Delivering a great Netflix experience is as important to us as creating great content. We believe the new user interface will make Netflix even more accessible and better suit members who prefer Hindi," Techcrunch quoted Shergill as saying in a statement.
Sabrina Carpenter, Jordan Fisher and Liza Koshy talk about making their new dance movie 'Work It' on Netflix. Plus, Sabrina and Jordan open up about saying goodbye to their respective roles on Broadway.
Credit: The Hollywood Reporter Duration: 03:55Published
Actor Janhvi Kapoor was spotted outside her Nani's house on Thursday. Arjun Kapoor, Khushi Kapoor and Boney Kapoor also accompanied Janhvi. The actor will be next seen in the film, Gunjan Saxena: The Kargil Girl. The film is a biopic of Indian Air Force's first female combat pilot. Gunjan Saxena: The Kargil Girl also stars Pankaj Kapoor. The film is directed by debutant Sharan Sharma and produced by Karan Johar. Its trailer has received over 225000 'likes' on YouTube, but also over 125000 'dislikes'. Gunjan Saxena: The Kargil Girl is slated for an August 12 release on Netflix.
Credit: HT Digital Content Duration: 01:24Published
Disney stock jumped as much as 10% on Wednesday. The increase added more than $21 billion to the entertainment giant's market capitalization. Investors celebrated the news that Disney Plus has attracted more than 60 million subscribers in its first nine months. Pandemic-related closures of theme parks, stores, and cinemas hammered its business, dropping its revenue 42% last quarter.
iPhone 12 expected to launch in the fall. Business Insider reports that this is the worst time to purchase a new iPhone. Insider said buyers should wait for the newest model that's expected to come with 5G support and the latest Apple processor. Some consumers don't care about having the latest iPhone. Apple typically discounts certain older models when introducing new ones. Consumers in need of a cheaper iPhone can pick up an iPhone SE for $399.
CNN says the US intelligence community's top election security official has made an interesting remark... ...That China "prefers" an outcome where President Donald Trump is not reelected in November. He also said Russia is working to denigrate former Vice President Joe Biden's White House bid.
When U.S. President Donald Trump was asked by a reporter about members and guests of his golf club in Bedminster, New Jersey not being socially-distanced, Trump replied that it was a "peaceful protest."
Even though the White House has downplayed reports it is considering the idea of delisting Chinese stocks from U.S. stock exchanges, if that was to happen it would set off a chain of events resulting..