Latest Bank of America Corporation News

Asian markets mixed after Wall Street high

Nov. 13, 2019 11:20 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Investors were wary after The Wall Street Journal reported Chinese negotiators...

Markets Right Now: S&P 500, Dow at records; Nasdaq falls

Nov. 13, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks struggled to a mixed finish on Wall Street but with enough lift to set more record highs for the S&P 500 and the Dow Jones industrials. Major indexes had been higher at midday Wednesday but took a stumble...

Dow hits record as stock market rally extends into 5th week

Nov. 4, 2019 6:43 PM EST

NEW YORK (AP) — The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market's rally carried into a fifth week. Oil producers, banks and other stocks that do well when the economy is strengthening again led the way. It's a notable shift...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:40 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:20 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Markets Right Now: Stocks end broadly lower, led by banks

Oct. 31, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing modestly lower on Wall Street, but the S&P 500 was still on track for a weekly gain after closing at record highs twice this week. Banks fell more than the rest of the market Thursday as bond...

Asian markets follow Wall Street higher after Fed rate cut

Oct. 31, 2019 1:32 AM EDT

BEIJING (AP) — Most Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve cut a key interest rate. Tokyo, Hong Kong and Seoul advanced. Shanghai retreated 0.1% after Chinese factory activity weakened more than expected in October. Investors welcomed the Fed's third rate cut...

Asian shares mixed after S&P 500 hits all-time high

Oct. 29, 2019 12:13 AM EDT

BANGKOK (AP) — Shares were mixed in Asia and Chinese benchmarks fell Tuesday after the S&P 500 index closed at an all-time high. The rally Monday came at the beginning of a busy week of corporate earnings and economic reports and with investors expecting another interest rate cut by the Federal...

Asian stocks follow Wall Street lower after mixed earnings

Oct. 23, 2019 12:23 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after major companies reported mixed earnings and an EU leader said he would recommend the trade bloc allow Britain to delay its departure. Benchmarks in Shanghai, Tokyo and Hong Kong all declined. U.S. shares retreated, led by a tech...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...