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Asian shares drop after US stocks' worst day since October
TOKYO (AP) — Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. Benchmarks in Japan, South Korea, Australia and China declined Thursday. The region is looking ahead to earnings season for a...
How major US stock indexes fared Wednesday
The stock market posted its biggest drop since October Wednesday, led by declines in several Big Tech companies. The S&P 500 gave up 2.6%. The selling was broad, though technology giants including Facebook, Netflix and Google’s parent company accounted for a big part of the pullback. The Federal...
Asian shares mixed following lackluster day on Wall Street
Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...
Walgreens taps Starbucks exec Brewer as its new CEO
Walgreens said Tuesday it has tapped Starbucks executive Roz Brewer as its new CEO, which will make her the only Black woman leading a Fortune 500 company. Starbucks announced Tuesday that Brewer was departing after a little more than three years as its chief operating officer. Walgreens later confirmed that...
How major US stock indexes fared Tuesday
Stocks ended lower on Wall Street Tuesday after spending most of the day in the red as investors weighed solid corporate earnings results against growing concerns about the pandemic. The S&P 500 lost 0.1%, pulled down by losses in banks and industrial companies. Gains for some Big Tech companies like Amazon...
Asian shares retreat after bumpy day on Wall Street
BANGKOK (AP) — Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction. Hong Kong led other regional markets lower, dropping 1.9% to 29,587.91. Markets in Australia and India were closed for holidays. Traders are keeping a wary...
UN forecasts 4.7% global economic growth in 2021
UNITED NATIONS (AP) — The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses. The...
How major US stock indexes fared Monday
Stocks ended a choppy day with mixed results Monday as the market struggled to find direction. Apple and other Big Tech stocks lurched higher, then lower, then back up again. Several of them report their latest quarterly results this week. The S&P 500 climbed 0.4%, even though slightly more stocks fell than...
Asian shares rise on recovery hopes, markets eye earnings
TOKYO (AP) — Asian shares rose Monday amid some hopes for recovering economies slammed by the pandemic, as market attention turned to upcoming company earnings. Japan's benchmark Nikkei 225 gained nearly 0.5% in morning trading to 28,767.43. Australia's S&P/ASX200 added 0.4% to 6,829.60. South Korea's...
How major US stock indexes fared Friday
Stocks struggled to a mixed finish on Wall Street, trimming the weekly gain for the S&P 500 even as the Nasdaq eked out another record high. Technology, financial and other stocks declined, outweighing gains in communication services, real estate and utilities companies. Small-company stocks held up better...
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