(Reuters) – U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending.FILE PHOTO: Traders work on the floor…
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S&P 500, Nasdaq resume their advances; Disney drags on Dow
(Reuters) – The S&P 500 and the Nasdaq inched higher on Thursday, with chipmakers helping the indexes resume their climb after hotter-than-expected inflation reports dampened investor sentiment and halted a streak of record closing highs.FILE PHOTO: A trader works inside…
Brainard, Powell spotted at White House as Biden mulls Fed decision -source
FILE PHOTO: Federal Reserve Chair Jerome Powell poses for photos with Fed Governor Lael Brainard (L) at the Federal Reserve Bank of Chicago, in Chicago, Illinois, U.S., June 4, 2019. REUTERS/Ann Saphir/File PhotoWASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell and…
Wall Street hits records as Tesla surges; focus on Fed meeting
(Updates with closing market details)FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid(Reuters) – Wall Street’s main indexes notched record closing highs on Monday as…
International opposition mounts over proposed U.S. EV tax credit
WASHINGTON (Reuters) -The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries wrote U.S. lawmakers saying a proposed U.S. electric vehicle tax credit violates international trade rules, according to a joint letter made public Saturday.FILE PHOTO:…
U.S. consumer spending rises solidly; strong wage gains point to sustained high inflation
WASHINGTON (Reuters) -U.S. consumer spending increased solidly in September, but was partly flattered by higher prices, with inflation remaining hot as shortages of motor vehicles and other goods persisted amid global supply constraints.FILE PHOTO: A woman texts on her mobile…
U.S. consumer spending rises solidly in September; inflation stays hot
Slideshow ( 2 images )WASHINGTON (Reuters) – U.S. consumer spending increased solidly in September, but was partly flattered by higher prices as inflation remained hot amid shortages of motor vehicles and other goods in the face of global supply constraints.…
Cyclicals drag S&P 500 lower; Microsoft, Alphabet keep Nasdaq flat
NEW YORK (Reuters) – The Nasdaq ended little changed on Wednesday, boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed…
Democrats at odds over 'billionaires tax' to fund sweeping Biden agenda
WASHINGTON (Reuters) – Senior Democrats in the U.S. Congress were at odds on Wednesday over a proposal to tax billionaires’ assets to help pay for President Joe Biden’s social and climate-change agenda, leaving it unclear if the idea had enough…
Nasdaq futures edge lower after Intel's margin warning
(Reuters) – Nasdaq futures edged lower on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.Traders work on the…