Wall Street flat as growth worries persist; banks gain ahead of earnings

REUTERS: U.S. stocks treaded water on Thursday, as gains in bank shares ahead of earnings were countered by growth worries following warnings from major central banks.Advertisement

"We can't seem to really break out to new record highs but we're not falling either, and I think earnings will be a key factor in deciding it," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Concerns about trade and financial conditions have pushed central banks to take a dovish stance, broadly supporting appetite for risk assets.

Bed Bath & Beyond Inc shares tumbled 10.2per cent after the home furnishing retailer forecast weak current-quarter profit.

Canada Canada Latest News, Canada Canada Headlines

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

Wall Street ekes out slight gains at open, earnings awaitedU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Wall Street opens lower on worries over trade, earnings[NEW YORK] Wall Street's main indexes opened lower on Tuesday, as trade concerns resurfaced and investors braced for the first quarterly earnings contraction since 2016. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street bull run hinges on earningsNEW YORK: Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »