REUTERS: U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.
Microsoft Corp rose 3.7per cent, briefly crossing US$1 trillion in market value, after the software giant beat estimates for quarterly results and predicted continued growth for its cloud computing business. The S&P 500 has rallied this year, rebounding from a late-2018 slump, on hopes of a U.S.-China trade deal and a dovish tilt from the Federal Reserve. The index is 0.6per cent below its record high hit in late September.
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US: Wall Street edges lower, energy stocks fall[NEW YORK] The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Read more at The Business Times.
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Wall Street opens flat after mixed earnings from industrialsREUTERS: U.S. stocks opened little changed on Wednesday after a record-setting rally in the previous session, weighed down by mixed results from ...
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Wall Street dips ahead of earnings delugeU.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, ...
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Stock futures point to flat Wall Street open as earnings roll inU.S. stock index futures pointed to a subdued opening on Wall Street on Tuesday, as investors parsed through a fresh batch of reports from ...
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