Banking giants JPMorgan Chase, Citigroup and Wells Fargo together reported some US$28 billion in credit costs for current and future bad loans due to the hit from Covid-19 closures.
Tuesday's gains were led by growth-linked equities, such as oil companies including Exxon Mobil, which gained 3.3 per cent, and industrial giant Caterpillar, which rose 4.9 per cent.
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US stocks end up on hopes for more federal stimulus, Dow up 2.1%NEW YORK (AFP) - Wall Street stocks were back in rally mode on Tuesday (July 14), shrugging off mixed results from large banks and gaining ground on hopes for more stimulus spending from Washington.. Read more at straitstimes.com.
مصدر: The Straits Times - 🏆 8. / 63 اقرأ أكثر »
US: Nasdaq falls on weak day for stocks amid Covid-19 closures[NEW YORK] A rally on Wall Street fizzled on Monday following more signs of coronavirus troubles in the United States after European equities were boosted by progress towards a vaccine. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
Seoul: Stocks slip on US-China tensions, renewed virus fears[SEOUL] South Korean shares fell on Tuesday as a record number of global coronavirus infections, mounting US-China tensions and gloomy outlook for corporate earnings dented sentiment. The Korean won weakened, while the benchmark bond yield rose. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
EMERGING MARKETS-Virus deaths hit Philippine stocks, others rise on China rebound hopesREUTERS
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