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Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Stocks slip on Wall Street as virus aid deal remains elusive

Oct. 21, 2020 4:44 PM EDT

U.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any signs of progress as lawmakers in Washington negotiate over how to deliver more aid for the economy. The S&P 500 slipped 0.2% after shifting between small gains and losses for much of the day. The...

FILE - This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue.  Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion.   (AP Photo/Richard Drew, File)

Verizon tops profit expectations in the third quarter

Oct. 21, 2020 8:47 AM EDT

NEW YORK (AP) — Verizon Communications Inc. on Wednesday reported third-quarter profit of $4.36 billion. On a per-share basis, the New York-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, came to $1.25 per share. The results beat Wall Street expectations. The average...

Ericsson earnings boosted by 5G network rollouts

Oct. 21, 2020 7:21 AM EDT

STOCKHOLM (AP) — Swedish telecom equipment maker Ericsson has reported upbeat third quarter earnings, helped mainly by the rollout of 5G wireless networks in China and a strong U.S. market. The Stockholm-based company said Wednesday that net profit for the July-September period was 5.6 billion kronor ($640...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

Asian shares rise after Wall Street gains on solid earnings

Oct. 20, 2020 11:19 PM EDT

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's...

Logitech, Albertsons rise; IBM, Hexcel fall

Oct. 20, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Logitech International, up $12.61 to $92.64 The maker of computer accessories handily beat Wall Street's fiscal second-quarter profit and revenue forecasts. International Business Machines, down $8.15 to $117.37 The technology and...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

This Week: Housing starts, Tesla earns, Coca-Cola earns

Oct. 19, 2020 2:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING Economists expect that builders broker ground on new houses and apartments at a faster pace in September. They predict the Commerce Department will report Tuesday that newly started residential construction...

FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%. (AP Photo/Frank Franklin II)

A late slide erases gains for US indexes, leaving them mixed

Oct. 16, 2020 4:57 PM EDT

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The S&P 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the benchmark...

Earnings calendar for the week of 10/19/2020

Oct. 16, 2020 6:00 AM EDT

Major companies tentatively scheduled to post quarterly earnings next week: TUESDAY Netflix Inc. reports quarterly financial results after the market close. WEDNESDAY CSX Corp. reports quarterly financial results after the market close. Tesla Inc. reports quarterly financial results after the market close....

Alcoa, United Airlines fall; Cars.com, Sleep Number rise

Oct. 15, 2020 4:37 PM EDT

Stocks that moved heavily or traded substantially Thursday: Fastly Inc., down $33.48 to $89.70. The cloud computing company trimmed its third-quarter revenue forecast. United Airlines Holdings Inc., down $1.36 to $34.25. The airline reported a big third-quarter loss as revenue plunged amid slumping demand. Alcoa...