News Formal

Wall Street rebounds as market eyes tech results, strong US data

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The rebound came after a more than 3% slide a day earlier in the main indexes.. Read more at straitstimes.com.

NEW YORK - US stocks closed higher on Thursday , with the technology heavyweights rallying ahead of major earnings reports and upbeat domestic economic data calming investor jitters about surging coronavirus cases.

"The earnings season so far has resulted in significant positive earnings surprises," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York."We think that's helping to fuel today's rally in anticipation of positive surprises from these companies." Amazon's third-quarter revenue beat Wall Street estimates as the pandemic pushed more people to shop online for groceries and other essential items on its platform. Net sales rose to $96.15 billion from $69.98 billion a year earlier.

The CBOE volatility index surged to a 15-week high this week due to lack of fiscal stimulus, while the White House coronavirus task force urged for aggressive measures to curb the pandemic.

 

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:

 /  🏆 8. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Wall Street futures higher after steep selloff with eyes on Big Tech earningsU.S. stock index futures rose on Thursday following the S&P 500's worst day in nearly five months as focus shifted to Big Tech earnings, but ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia: Stocks fall again after lockdowns spark Wall Street, Europe rout[HONG KONG] Asian markets sank on Thursday after a meltdown in New York and Europe sparked by France reimposing a nationwide lockdown to battle a new wave of virus infections, with fears other major economies could follow suit. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street futures higher after steep selloff with eyes on Big Tech earningsU.S. stock index futures rose on Thursday following the S&P 500's worst day in nearly five months as focus shifted to Big Tech earnings, but ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »