U.S. stocks were poised for a lackluster open Wednesday, with the S&P 500 clinging to the 2,000 mark following yesterday's record closing high above level.
Futures for the Dow Jones Industrial Average rose 12 points, or 0.1%, to 17,109, while those for the S&P 500 index were holding at 2000.00. Futures...
German consumer sentiment is set to weaken in September for the first time since early 2013 as intensified geopolitical tensions are likely to shift the economy into lower gears. The forward-looking consumer confidence index fell to 8.6 from a revised score of 8.9 in August, a survey by the market research group GfK, based on responses from 2,000 households, showed Wednesday.
The Financial Conduct Authority or FCA Wednesday announced that it has fined Royal Bank of Scotland Group Plc and its unit National Westminster Bank Plc or NatWest 14.475 million pounds for serious failings in their advised mortgage sales business.
Jewellery retailer Tiffany & Co. (TIF) Wednesday said second-quarter profit increased from the prior year, amid growth in sales and a higher gross margin. Both earnings and revenues topped Wall Street estimates. The company raised its earnings forecast for the year by five cents per share.
Trading in the U.S. index futures suggests that traders may still muster up courage to expand holdings in stocks despite the recent buoyancy. The major U.S. index futures point to a higher opening on Wednesday after Asian stocks closed higher, while the European markets are seeing a lackluster mood amid the release of some insipid economic data.
European stocks are seen inching lower on Wednesday after two days of strong gains. While the U.S. economy is showing promising signs of improvement, the euro zone economy is in danger of slipping again into recession, rekindling prospects of more stimulus when the European Central Bank's governing council...
Analog Devices Inc (ADI), Tuesday reported an increase in third-quarter profit on an eight percent growth in revenue, with earnings coming in line with Wall Street estimates while revenue surpassed expectations.
U.S. stocks edged higher on Tuesday, with the S&P 500 posting its first-ever finish above the 2,000 mark as strong economic data and a flurry of merger news contributed to buying interest.
Led by energy stocks, the S&P 500 rose 2.1 points, or 0.1%, to 2,000.02 after touching an intraday record just...
Stocks are showing some modest gains in mid-afternoon trading on Tuesday. The advance has taken the S&P 500 above the 2,000 mark, as strong economic data contributed to buying interest. Consumer confidence in the U.S. improved for the fourth consecutive month in August, fueling hope that the U.S. economy is starting to build steam.
Gold futures ended higher on Tuesday, notwithstanding rising global equity markets amid some upbeat durable goods and consumer confidence data from the U.S., even as the dollar trended higher against a select basket of major currencies.
In some upbeat economic news, orders for U.S. durable goods surged...
Consumer confidence in the U.S. improved for the fourth consecutive month in August, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in almost seven years.
The U.S. consumer confidence index jumped to 92.4 in August,...
Burger King Worldwide, Inc. has agreed to acquire Canadian coffee and dough-nut chain Tim Hortons, Inc. in a deal that creates the world's third-largest quick services restaurant company that will be based in Canada. However, both Burger King and Tim Hortons will continue to operate after the closing as standalone, independent brands.
U.S. stocks are poised to open slightly higher Tuesday morning, building on strong gains from the previous session.
A much better than expected report on U.S. durable goods orders help drive stock futures into positive territory ahead of the opening bell on Wall Street.
Orders for U.S. durable...
Canadian lender BMO Financial Group reported Tuesday a slight increase in third-quarter profit with higher revenues partly offset by increased provision for credit losses. Adjusted earnings topped analysts' estimates. Assets under management and administration improved significantly from last year. The company also declared quarterly dividend, same as last year.
Consumer electronics retailer Best Buy Co., Inc. (BBY) Tuesday said profit for the second quarter declined from the prior year, as revenues dropped both domestically and internationally. While earnings were ahead of Wall Street expectations, revenue missed estimates. The stock fell over 3 percent in pre-market activity.