Stocks open tentatively higher on Wall Street ahead of a busy day of potentially market-moving news. Technology stocks were among the biggest early winners and chip maker AMD jumped 12% after reporting results that easily bested analysts’ forecasts.
A woman wearing face masks walks past a bank's electronic board showing the Hong Kong share index in Hong Kong Wednesday, July 29, 2020. Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic.
Despite the modest moves, big events are crashing through the market, even beyond the tremendous pain created by rising coronavirus counts across much of the United States. The Fed is wrapping up a Advanced Micro Devices jumped 12.7% for one of the market’s biggest gains after it reported an even bigger jump in profit from April through June than Wall Street expected. It also raised its forecast for revenue through 2020. It’s notable because many companies have been pulling their forecasts and declining to offer any given all the uncertainty in the economy created by the pandemic.
Their stocks have grown so valuable that they can sway the S&P 500 and other indexes almost by themselves. Those four, plus Microsoft, account for nearly 22% of the S&P 500’s total value.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Positive earnings updates set Wall St. for higher open; Fed in focusWall Street's main indexes were set to open higher on Wednesday as a slew of positive earnings updates and hopes for a dovish tone from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus support plan.
Weiterlesen »
Late slump pulls Wall Street lower; gold sets another recordStocks pulled lower on Wall Street Tuesday following a mixed set of earnings reports from dozens of big U.S. companies.
Weiterlesen »
How to write a business plan, according to a former Wall Street exec - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Wall Street slips in early trading; gold hovers near recordStocks open lower on Wall Street and the price of gold is hovering near the record high it closed at a day earlier. Investors are keeping a close eye on negotiations in Congress over more measures to provide economic relief from the coronavirus pandemic.
Weiterlesen »
Wall Street rises as investors monitor progress of stimulus and virusWall Street's main indexes were higher on Monday as investors monitored progress in government stimulus efforts along with rising U.S. COVID-19 cases and restrictions around the world.
Weiterlesen »
Wall Street returns to rallying; gold jumps to record highWall Street’s rally got back on track Monday, while gold rushed to a record at the start of a week packed with potentially market-moving events.
Weiterlesen »