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Federal Reserve

Alphabet pushes S&P 500 to record high, props up Nasdaq
Markets

Alphabet pushes S&P 500 to record high, props up Nasdaq

  • Alphabet jumps on record profit, plans $50 billion buyback.
  • Communication services leads gains among S&P 500 sectors.
  • Boeing falls on wider-than-expected quarterly loss.
  • Microsoft shares down on valuation.
  • Indexes: Dow down 0.44%, S&P up 0.19%, Nasdaq up 0.13%.
Published 28 Apr, 2021 09:08pm
Markets mostly up before Fed, Biden
Markets

Markets mostly up before Fed, Biden

  • The Dow Jones was off 0.3 percent in early trading despite a strong rise for Google parent Alphabet, which added 5.7 percent on surging ad sales.
Published 28 Apr, 2021 07:35pm
Yields higher as traders look to Wednesday auction
Markets

Yields higher as traders look to Wednesday auction

  • The benchmark 10-year yield was up 4.1 basis points at 1.6135%, continuing its increase from multiweek lows reached April 15.
  • Investors were watching to gauge the market's appetite for $24 billion of 20-year bonds scheduled to be auctioned on Wednesday, said Justin Lederer, Cantor Fitzgerald Treasury analyst.
Published 19 Apr, 2021 08:16pm
US MIDDAY: Gold climbs
Markets

US MIDDAY: Gold climbs

NEW YORK: Gold scaled a more than one-month peak on Thursday as US Treasury yields slipped despite...
Published 16 Apr, 2021 03:40am
Bank of America profit more than doubles on reserve release boost
Business & Finance

Bank of America profit more than doubles on reserve release boost

  • The second-largest US bank by assets unlocked $2.7 billion from its reserves and unveiled a $25 billion stock repurchase plan, betting on a swift economic recovery driven by rapid vaccinations.
  • Consumer banking revenue at the bank, however, fell 12% to $8.1 billion in the quarter ended March. Net interest income, a key measure of how much the bank can make from lending, fell 16% to $10.2 billion in the quarter.
Published 15 Apr, 2021 04:13pm