Wall Street dips as earnings gather pace, jobless claims fall | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK, July 15 — US stock indexes fell today following the latest batch of quarterly corporate earnings reports, while data showed the number of Americans filing new claims for unemployment benefits fell last week as expected. The Labour Department said initial claims for state unemployment...

NEW YORK, July 15 — US stock indexes fell today following the latest batch of quarterly corporate earnings reports, while data showed the number of Americans filing new claims for unemployment benefits fell last week as expected.

“There is some concern that the economy has sort of reached the maximum level of growth,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.Eight of the 11 major S&P 500 sector indexes were trading lower, with technology falling 0.5 per cent and set to snap a four-day winning streak.

Meanwhile, the second-quarter earnings season began on a strong note this week, with the four largest US lenders — Wells Fargo & Co, Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co — posting a combined US$33 billion in profits. Nasdaq heavyweights Apple Inc, Microsoft Corp, Amazon.com, Google owner Alphabet Inc and Facebook Inc were trading flat to lower.

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:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Goldman Sachs eyes deal windfall as earnings smash forecasts | Malay MailNEW YORK, July 14 ― Goldman Sachs Group Inc executives said a record backlog of deals will help drive profits for the rest of the year after the bank smashed second-quarter estimates. Deals worth US$1.5 trillion (RM6.3 trillion) were announced in the three months to June 30 despite slowing...
Source: malaymail - 🏆 1. / 86 Read more »