Latest Financial markets News

Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry

Nov. 02, 2024 13:41 PM EDT

NEW YORK (AP) — Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems. Paint-maker Sherwin-Williams will also...

Stock market today: Amazon leads Wall Street higher

Nov. 01, 2024 17:50 PM EDT

NEW YORK (AP) — Amazon led U.S. stock indexes higher on Friday, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week. The S&P 500 rose 0.4% to recover some of its loss from the day...

How major US stock indexes fared Friday, 11/1/2024

Nov. 01, 2024 16:27 PM EDT

Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week. The S&P 500 rose 0.4% Friday and recovered some of its loss from the day before, which was its worst in eight...

Financial market worries over the UK budget appear to ease

Nov. 01, 2024 13:18 PM EDT

LONDON (AP) — Worries about this week's tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British debt steadying and the pound rising against most other currencies. In the wake of Wednesday's budget statement, the first by a...

Exxon Mobil profit tops Street in 3rd quarter, helped by Pioneer Natural acquisition

Nov. 01, 2024 11:47 AM EDT

Exxon Mobil's third-quarter profit beat analysts' expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition. Exxon earned $8.6 billion, or $1.92 per share, for the three months ended Sept. 30. A year earlier the Spring,...

Moog: Fiscal Q4 Earnings Snapshot

Nov. 01, 2024 08:21 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Moog Inc. (MOG.A) on Friday reported fiscal fourth-quarter profit of $43 million. The New York-based company said it had net income of $1.33 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $2.16 per share....

Imperial Oil: Q3 Earnings Snapshot

Nov. 01, 2024 08:08 AM EDT

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Imperial Oil Ltd. (IMO) on Friday reported third-quarter profit of $906.8 million. On a per-share basis, the Calgary, Alberta-based company said it had net income of $1.71. The results beat Wall Street expectations....

Madison Square Garden: Fiscal Q1 Earnings Snapshot

Nov. 01, 2024 07:40 AM EDT

NEW YORK (AP) — NEW YORK (AP) — The Madison Square Garden Co. (MSGS) on Friday reported a loss of $7.5 million in its fiscal first quarter. On a per-share basis, the New York-based company said it had a loss of 31 cents. The results exceeded Wall Street...

DigitalBridge: Q3 Earnings Snapshot

Nov. 01, 2024 07:31 AM EDT

BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — DigitalBridge Group, Inc. (DBRG) on Friday reported third-quarter net income of $13.8 million. On a per-share basis, the Boca Raton, Florida-based company said it had net loss of 1 cent. Earnings, adjusted for one-time gains and...

Church & Dwight: Q3 Earnings Snapshot

Nov. 01, 2024 07:06 AM EDT

EWING, N.J. (AP) — EWING, N.J. (AP) — Church & Dwight Co. (CHD) on Friday reported a third-quarter loss of $75.1 million, after reporting a profit in the same period a year earlier. The Ewing, New Jersey-based company said it had a loss of 31 cents per share. Earnings,...