Latest Financial markets News

The New York Stock Exchange is seen in New York, Monday, Nov. 23, 2020.   U.S. stocks are hovering close to their record levels Thursday, Dec. 3, as Wall Street takes a pause following its rocket ride higher on optimism about a coming COVID-19 vaccine.  (AP Photo/Seth Wenig)

US stocks tick higher, as Wall Street coasts following surge

Dec. 3, 2020 12:28 PM EST

NEW YORK (AP) — U.S. stocks are inching further into record heights Thursday, as Wall Street continues to coast following its rocket ride on hopes for coming COVID-19 vaccines. The S&P 500 was up 0.2% in afternoon trading, a day after inching up to set another all-time high. The Dow Jones Industrial...

In this photo provided by the New York Stock Exchange, a specialist works at his post on the trading floor, Monday Nov. 30, 2020, in New York.  Companies in the S&P 500 reported that their earnings held up surprising well in the third-quarter despite an economy still struggling to recover from the virus pandemic. (Nicole Pereira/New York Stock Exchange via AP, File)

3Q earnings offer an unexpected light in pandemic darkness

Dec. 3, 2020 12:20 PM EST

Corporate earnings are likely to end this year with a fourth-straight quarterly decline, but a profit rebound may be appearing on the horizon, analysts say. Despite the continuing struggle with the virus pandemic, profits for companies in the S&P 500 held up surprisingly well in the third-quarter. That's a...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, Dec. 3, 2020. Shares were mostly higher in Asia on Thursday as investors were encouraged by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy.(AP Photo/Kin Cheung)

Asian shares inch higher on optimism over vaccines, stimulus

Dec. 2, 2020 10:33 PM EST

Shares were mostly higher in Asia on Thursday, helped by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy. Shares rose in Hong Kong, Tokyo, Seoul and Sydney but fell in Shanghai. The rollout of a vaccine in the U.S. could begin this month, if...

How major US stock indexes fared Wednesday

Dec. 2, 2020 5:14 PM EST

Stocks closed with modest gains Wednesday, nudging the S&P 500 index to an all-time high for the second day in a row. Communications, financial and health care companies accounted for the bulk of the gains. A pullback in technology stocks, companies that rely on consumer spending and others kept the...

Closing prices for crude oil, gold and other commodities

Dec. 2, 2020 3:41 PM EST

Benchmark U.S. crude oil for January delivery rose 73 cents to $45.28 a barrel Wednesday. Brent crude oil for February delivery rose 83 cents to $48.25 a barrel. Wholesale gasoline for January delivery rose 2 cents to $1.24 a gallon. January heating oil rose 2 cents to $1.37 a gallon. January natural gas fell 10...

A woman walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 2, 2020. Asian markets are mixed after the U.S. benchmark S&P 500 set another record. (AP Photo/Koji Sasahara)

Asian shares mixed after S&P 500 sets fresh record high

Dec. 1, 2020 10:45 PM EST

Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs. Australia reported its economy expanded 3.3% in the July-September quarter as the country recovered from pandemic lockdowns. That lifted the...

New Zealand's Prime Minister Jacinda Ardern moves a motion in the Parliament House in Wellington, New Zealand, to declare a climate emergency, Wednesday, Dec. 2, 2020. Joining more than 30 other countries around the world, New Zealand took the symbolic step of declaring a climate emergency. (Mark Mitchell/New Zealand Herald via AP)

New Zealand symbolically declares climate emergency

Dec. 1, 2020 10:38 PM EST

WELLINGTON, New Zealand (AP) — Joining more than 30 countries, New Zealand on Wednesday took the symbolic step of declaring a climate emergency. Lawmakers voted 76-43 in favor of the motion, in a split that followed party lines. The government also launched a new initiative requiring many public agencies...

How major US stock indexes fared Tuesday

Dec. 1, 2020 5:06 PM EST

Stocks closed broadly higher on Wall Street Tuesday, a day after the S&P 500 closed out November with its biggest monthly gain since April. The gains pushed the S&P 500 and the Nasdaq composite to all-time highs, beating the their previous record highs set on Friday. Stocks have been ramping higher in...

Kohl's, Micron Technology rise; Zoom, Peloton fall

Dec. 1, 2020 4:32 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Kohl's Corp., up $4.32 to $36.52. Sephora will be replacing cosmetics areas in the retailer's stores, starting with 200 locations late next year. Tesla Inc., up $17.16 to $584.76. Tesla's inclusion in the S&P 500 index will be...

President-elect Joe Biden speaks as Vice President-elect Kamala Harris listens at left, during an event to introduce their nominees and appointees to economic policy posts at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Unveiling economic team, Biden pledges, 'Help is on the way'

Dec. 1, 2020 3:55 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic, declaring, “I know times are tough, but I want you to know that help is on the way.” Biden said he'd chosen a...