News Formal

Wall Street dips ahead of big bank earnings

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

U.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...

REUTERS: Wall Street's main indexes dipped on Thursday, hit by a drop healthcare shares, but gains in financials ahead of big bank earnings helped limit losses.Advertisement

"We are in a week that kicks off earnings season, it is not unusual for the markets to turn sideways until we start things off and get an idea of what the first quarter is going to look like," said Art Hogan, chief market strategist at National Securities in New York. Concerns about trade and financial conditions have pushed central banks to take a dovish stance, broadly supporting the appetite for risky assets.

The S&P healthcare sector fell 0.79per cent, dragged down by losses of more than 1per cent in UnitedHealth Group Inc and Merck & Co. The Nasdaq Biotech index fell 1.29per cent.

 

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

 /  🏆 6. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Wall Street flat as growth worries persist; banks gain ahead of earningsU.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 »

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 »