07252016Mon
Last update: Mon, 25 Jul 2016 11am

Americas

Markets - Equity - Americas

US stocks flat at start of big earnings week NEW YORK: Wall Street stocks opened little changed Monday as Bank of America kicked off a heavy week of quarterly earnings with better-than-expected results.Bank of America rose 1.9 percent despite reporting that second-quarter earnings dipped 19.4 percent to $3.9 billion due to tighter margins from low interest rates. The bank benefited from loan growth and lower expenses.Other reports this week include IBM, Netflix, General Motors and General Electric. Second quarter earnings-per-share for S&P 500 companies is projected to fall 5.3 percent from the year-ago period. Five minutes into trade, the Dow Jones Industrial Average was at 18,513.06, down less than 0.1 percent.The broad-based S&P 500 was barely changed at 2,162.16, while the tech-rich Nasdaq Composite Index advanced 0.1 percent to 5,032.93.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

TSX rises to 11-month high, led by energy and financials TORONTO: Canada's main stock index rose to a fresh 11-month high on Thursday, led by energy and financial stocks as oil rallied. The Toronto Stock Exchange's S&P/TSX composite index was up 34.17 points, or 0.24 percent, at 14,527.97, shortly after the open. Eight of the index's 10 main groups were higher.Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks rise after strong JPMorgan earnings NEW YORK: Strong earnings from JPMorgan Chase boosted US stocks in opening trade Thursday as equity markets shrugged off the Bank of England's decision not to cut interest rates.Dow member JPMorgan Chase jumped 2.1 percent after second quarter earnings and revenues topped expectations. Executives described US growth as solid and said it was too soon to know how the British vote to leave the European Union would affect its operations.Five minutes into trade, the Dow ...

Markets - Equity - Americas

US stocks press higher after records NEW YORK: US stocks opened higher Wednesday, adding to records for the Dow and S&P 500, as global equities advanced in anticipation of more economic stimulus from central banks.Investor anticipation is building ahead of a Bank of England meeting Thursday that could result in increased support for the British economy after the country voted to break with the European Union."The expectation that further stimulus measures will be forthcoming -- and that the Federal Reserve isn't ...

Markets - Equity - Americas

TSX hits 11-month high as energy shares jump with oil TORONTO: Canada's main stock index rose on Tuesday, hitting its highest level since August, as shares in oil and gas producers jumped with higher crude prices and banking stocks also lent support. Energy shares jumped 1.9 percent and financials added 0.75 percent, while gold miners were among the biggest weights.The gains echoed Wall Street's record highs, partly fueled by Alcoa getting the US earnings season off to a better-than-expected start.At 10:29 a.m. EDT (1429 GMT), ...

Markets - Equity - Americas

Global rally lifts US stocks to new records NEW YORK: Wall Street stocks climbed to new records early Tuesday, advancing with a global rally following better-than-expected earnings from Alcoa.The S&P 500 added to a record high set Monday, while the Dow Jones Industrial Average was trading above its all-time closing high."It appears that the momentum trade is back again, as participants are riding the tape (and the rails) of a market that seemingly has no inclination to dwell on the negatives," said Briefing.com ...

Markets - Equity - Americas

Futures rise a day after S&P 500 hits record high U.S. stock index futures were higher on Tuesday, a day after the S&P 500 hit a record high as investor optimism was propelled by a set of strong economic data. The benchmark index, which came close several times this year to topping its May 2015 record, finally broke through on Monday to a new high of 2,143.16. The Nasdaq hit its 2016 high, also on Monday, while the Dow surged to its highest level in ...