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How major US stock indexes fared Monday
Stocks ended a choppy day with mixed results Monday as the market struggled to find direction. Apple and other Big Tech stocks lurched higher, then lower, then back up again. Several of them report their latest quarterly results this week. The S&P 500 climbed 0.4%, even though slightly more stocks fell than...
A bumpy day on Wall Street ends with stock indexes mixed
NEW YORK (AP) — Stocks swerved to a mixed finish on Wall Street Monday, ahead of a deluge of corporate earnings reports scheduled to arrive this week. The S&P 500 rose 13.89 points, or 0.4%, to 3,855.36 as gains for influential Big Tech stocks were big enough to steady the index and return it to a...
This Week: Consumer confidence, Apple earns, new home sales
A look at some of the key business events and economic indicators upcoming this week: CONFIDENCE IMPROVING? A closely watched gauge of U.S. consumer confidence is due out Tuesday. Economists predict the Conference Board’s consumer confidence index rose to 90 in January. That would be up from 88.6 in...
Chipmaker Intel Corp. blames internal error on data leak
BOSTON (AP) — The computer chipmaker Intel Corp. on Friday blamed an internal error for a data leak that prompted it to release a quarterly earnings report early. It said its corporate network was not compromised. The company’s chief financial officer, George Davis, had earlier told The Financial...
Mixed finish on Wall Street as worldwide rally takes a pause
Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for the week. The...
Asian stocks sink after China coronavirus resurgence
BEIJING (AP) — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. Shanghai, Hong Kong, Tokyo and Australia declined. South Korea advanced. Overnight, Wall Street closed higher. Gains for tech stocks offset losses elsewhere....
CSX profit slips in 4Q but railroad hauls 4% more freight
OMAHA, Neb. (AP) — CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns. The Jacksonville, Florida-based railroad said Thursday it earned $760 million, or 99 cents...
United Airlines shares lose altitude after weak 1Q forecast
United Airlines officials said Thursday that travel will recover from the pandemic, but they just don’t know when, and investors appeared to punish the airline for that doubt and a cautious outlook for early 2021. The comments came one day after United reported a $1.9 billion loss in the fourth quarter,...
Asian shares rise on optimism for more stimulus from Biden
TOKYO (AP) — Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, setting off a recovery that's crucial for the export-driven...
UnitedHealth overcomes pandemic hit and tops 4Q expectations
UnitedHealth’s fourth-quarter earnings tumbled as costs from COVID-19 hit the health insurance provider, but results still easily beat expectations. Health care use rebounded in the final quarter of 2020 after the global pandemic kept people away from doctor offices and surgery centers when it first...
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