Wall Street notches record closing high on earnings, economic strength | Malay Mail

NEW YORK, July 24 — Wall Street gained ground for the fourth straight session yesterday, extending a rally that pushed all three major US stock indexes to record closing highs as upbeat earnings and signs of economic revival fuelled investor risk appetite.“We see a continuation of the last couple days. It’s roller coaster in reverse.

Market participants now look toward next week with the Federal Reserve’s two-day monetary policy meeting and a series of high-profile earnings. Second-quarter reporting season is firing all pistons, with 120 of the companies in the S&P 500 having reported. Of those, 88 per cent have beaten consensus, according to Refinitiv.

Shares of chipmaker Intel Corp fell after said late Thursday that it still faces supply constraints and provided disappointing guidance.

Bravo

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Wall Street rises on strong earnings, chipmakers fall after Intel outlook | Malay MailNEW YORK, July 23 — Wall Street’s main indexes rose today, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid increasing supply-chain constraints. Twitter Inc gained 1.3 per cent after it reported...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street rises on strong earnings, chipmakers fall after Intel outlook | Malay MailNEW YORK, July 23 — Wall Street’s main indexes rose today, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid increasing supply-chain constraints. Twitter Inc gained 1.3 per cent after it reported...
Source: malaymail - 🏆 1. / 86 Read more »