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Stocks edge lower as bank losses offset technology gains
NEW YORK (AP) — Stocks edged lower in afternoon trading Monday on Wall Street as a decline in banks offset solid gains in technology companies. The losses follow record high finishes for every major stock index last week. The S&P 500 also pushed above 3,000 for the first time. JPMorgan and Bank of...
Markets Right Now: Bank losses pull US stock indexes lower
NEW YORK (AP) — The latest on developments in financial markets (all times local): 12:45 p.m. Stocks edged lower in midday trading on Wall Street as a decline in banks offset solid gains in technology companies. The losses Monday follow record high finishes for every major stock index last week. The...
Stocks edge lower as bank losses offset technology gains
NEW YORK (AP) — Stocks edged lower in early trading Monday on Wall Street as a decline in banks offset solid gains in technology companies. The losses follow record high finishes for every major stock index last week. The S&P 500 index also pushed above 3,000 for the first time. Citi led banks lower,...
World shares mixed as China reports economic slowdown
BANGKOK (AP) — Global shares were mixed Monday after China reported that its economy grew at the slowest pace in at least 26 years in the last quarter, leading investors to opt for caution despite Friday's record highs on Wall Street. Tariff hikes by President Donald Trump have battered Chinese and U.S....
Asian shares mixed as China reports economy slowed in 2Q
BANGKOK (AP) — Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2% annual rate of growth reported for April-June suggests the...
Business Highlights
___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...
How major US stock indexes fared Friday
Major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to remain focused on the...
Stocks climb to records on hopes for lower interest rates
NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to...
Markets Right Now: Stocks end week of gains at record highs
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a week of steady gains with more record closes for major U.S. indexes. Technology, industrial companies and retailers put up some of the biggest gains on Friday, as they have for much of the year. HP...
World shares mostly higher after Wall St sets new records
BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time. Germany's DAX edged 5.68 points higher to 12,337.80 while the CAC 40 in France surged 0.6% to 5,585.27. Britain's FTSE climbed 0.3% to...
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