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Tech shares drive Wall Street higher

Video Credit: Reuters Studio - Duration: 01:14s - Published
Tech shares drive Wall Street higher

Tech shares drive Wall Street higher

U.S stocks rose Wednesday and the Nasdaq hit a record closing high, supported by tech shares as early signs of an economic rebound offset concern about rising coronavirus cases across the country.

Fred Katayama reports.

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Wall Street Wall Street Street in Manhattan, New York

American Shopping Has Returned To Pre-Pandemic Levels [Video]

American Shopping Has Returned To Pre-Pandemic Levels

Millions of Americans remain unemployed during the coronavirus pandemic. In addition, many are struggling to pay their bills, according to reports at CNN. But despite the devastation, American consumerism has staged a rapid comeback. US retail sales rose 1.2% in July from the previous month, the Commerce Department reported Friday. Initially, Wall Street wasn't impressed with the data. Stocks fell in morning trading after the number fell short of economists' forecasts.

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BoA: Reasons To Buy Discount Store Stocks [Video]

BoA: Reasons To Buy Discount Store Stocks

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.

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Credit: Reuters Studio    Duration: 01:28Published
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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.

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Nasdaq American stock exchange

Dow, S&P rise; value outperforms [Video]

Dow, S&P rise; value outperforms

The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a U.S. fiscal support bill. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:30Published
Nasdaq surges on megacap earnings [Video]

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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.

Credit: Reuters Studio    Duration: 01:27Published
Record high for Nasdaq; vaccine hopes fuel binge [Video]

Record high for Nasdaq; vaccine hopes fuel binge

Stocks rallied on Monday with the tech-heavy Nasdaq leading the pack as stay-at-home tech stocks and biotech companies working on COVID-19 vaccines powered ahead. Conway G. Gittens has the details.

Credit: Reuters Studio    Duration: 01:55Published
Stocks little changed with eyes on virus [Video]

Stocks little changed with eyes on virus

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.

Credit: Reuters Studio    Duration: 01:39Published

Fred Katayama journalist

S&P ends almost flat [Video]

S&P ends almost flat

The S&P 500 closed nearly flat on Friday despite coming close again to its record closing high, as data on the U.S. economy added to uncertainty over the recovery. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:14Published
Time to buy Bitcoin: ex-Prudential CEO George Ball [Video]

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George Ball, now CEO of Sanders Morris Harris, says Bitcoin or other cryptocurrencies could soon become sought after as a safe-haven asset. He tells Fred Katayama why he thinks many wealthy investors or traders will consider buying them after Labor Day.

Credit: Reuters Studio    Duration: 05:19Published
U.S. retail sales rise at slower pace [Video]

U.S. retail sales rise at slower pace

U.S. retail sales in July increased less than expected as consumers cut back on purchases of motor vehicles. As Fred Katayama reports, it could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.

Credit: Reuters Studio    Duration: 01:13Published
S&P ends lower after flirting with record [Video]

S&P ends lower after flirting with record

The S&P 500 ended slightly lower Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:30Published
Apple to offer bundled services [Video]

Apple to offer bundled services

Apple is reportedly readying a series of subscription bundles that will let customers sign in for several of the iPhone maker's digital services at a lower monthly price. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:19Published

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