Latest Financial markets News

How major US stock indexes fared Wednesday

Aug. 21, 2019 5:13 PM EDT

Stocks closed higher on Wall Street Wednesday as investors applauded encouraging quarterly results from Target, Lowe's and other retailers. Technology companies accounted for a big share of the gains. Traders had a muted reaction to minutes from the Federal Reserve's policy meeting last month, which showed...

US stocks climb after major US retailers post solid earnings

Aug. 21, 2019 5:11 PM EDT

Strong earnings reports from several big retailers helped drive stocks broadly higher on Wall Street Wednesday as the market bounced back from its first loss in four days. Target notched its biggest-ever gain, while Lowe's had its best day in more than a year, leading a broad rally in companies that rely on...

Economic twilight zone: Bonds that charge you for lending

Aug. 21, 2019 4:56 PM EDT

FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds are...

Target and Lowe's rise while Cree and Alcon fall

Aug. 21, 2019 4:35 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $17.47 to $103 The retailer raised its full year profit forecast after blowing past Wall Street's second quarter financial expectations. Lowe's Cos., up $10.13 to $108 The home improvement retailer soared...

Report shows US deficit to exceed $1 trillion next year

Aug. 21, 2019 4:22 PM EDT

WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported Wednesday. The...

Markets Right Now: Big gains by retailers lead stocks higher

Aug. 21, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing higher on Wall Street as investors applauded encouraging quarterly results from major retailers. Target soared 20% Wednesday after releasing earnings that blew past analysts' expectations. Lowe's...

Global stocks mostly rise ahead of US Fed release

Aug. 21, 2019 7:59 AM EDT

BEIJING (AP) — Global stock markets were back in positive territory Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Market benchmarks in London and Frankfurt rose in early trading. On Wall Street, the futures for...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

How major US stock indexes fared Tuesday

Aug. 20, 2019 5:04 PM EDT

Stocks fell broadly on Wall Street Tuesday after another slide in bond yields and a mixed batch of corporate earnings weighed on the market. The selling pulled every major sector lower, snapping a three-day winning streak for the S&P 500. Banks took the biggest losses as investors reacted to another drop in...

Home Depot and Moderna rise while Fabrinet and Sarepta fall

Aug. 20, 2019 4:44 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Home Depot Inc., up $9.14 to $217.09 The home improvement retailer handily beat Wall Street's second quarter profit forecasts as the housing market gained strength. Baidu Inc., up $4.50 to $108.72 The Chinese internet search...