REUTERS: Wall Street was set to open largely flat on Tuesday, as investors took a breather following a record rally on optimism over the U.S.-China trade deal, while the big U.S. banks reported mixed quarterly results.
Wells Fargo & Co slid 3.4per cent after reporting a 55per cent slump in profit, as it set aside US$1.5 billion toward legal expenses, while Citigroup Inc rose 0.3per cent as it topped Wall Street profit estimates. China has pledged to buy nearly an additional US$80 billion of manufactured goods from the United States over the next two years, plus over US$50 billion more in energy supplies, Reuters reported, citing a source briefed on the trade deal that is expected to be signed on Wednesday."Expectations are for flat to negative earnings this quarter and I don't think there are any surprises," said Peter Cecchini, chief market strategist at Cantor Fitzgerald in New York.
Delta Air Lines Inc rose 3.8per cent after reporting a better-than-expected quarterly profit, boosted by customers gained from rival airlines' 737 MAX cancellations.
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Wall Street nears record high on trade, earnings optimismU.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as ...
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Wall Street hits fresh record on trade, earnings optimismU.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as ...
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Wall Street hits record, boosted by trade and earnings optimismNEW YORK (REUTERS) - Apple, Alphabet and other tech favorites propelled Wall Street to record highs on Monday (Jan 13), fuelled by optimism about the signing of a preliminary US-China trade deal, as well upcoming fourth-quarter earnings reports.. Read more at straitstimes.com.
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US: Wall St opens near record highs ahead of trade deal, earningsRead more at The Business Times.
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