News Formal

Stock market today: Wall Street rises, and oil and gold fall as some of last week's moves unwind

  • 📰 AP
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

U.S. stocks rallied as some of last week’s moves driven by worries about war in the Middle East unwound. The S&P 500 climbed 1.1% Monday. The Dow rose 314 points, and the Nasdaq composite added 1.2%. Treasury yields rose after tumbling last week on worries that fighting in Gaza will escalate.

FILE - A trader looks over his cell phone outside the New York Stock Exchange, Wednesday, Sept. 14, 2022, in the financial district of Manhattan in New York. NEW YORK — U.S. stocks rallied Monday as some of last week’s moves in financial markets driven by worries about war in the Middle East unwound.Treasury yields also climbed after falling last week on worries that fighting in Gaza will escalate.

Charles Schwab rose 4.7% after it reported stronger profit for the three months through September than analysts expected. Strategists at Bank of America, meanwhile, expect this reporting season to mark “the start of earnings recovery.” Companies usually report bigger profits than analysts are forecasting, and this quarter may see them beat by more than the usual margin, Ohsung Kwon and Savita Subramanian said in a BofA Global Research report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCLA - 🏆 319. / 59 Read more »

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCDFW - 🏆 288. / 63 Read more »

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCLA - 🏆 319. / 59 Read more »