Page 86 - Devik Jain News Today

4 Min Read (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Boeing falls on record annual loss, to delay 777X jet * Microsoft rises after upbeat quarterly results * GameStop rally quashes hedge funds, sparks short squeeze * Dow down 1.54%, S&P 500 down 1.93%, Nasdaq down 1.64% (Adds Fed statement, changes byline) NEW YORK, Jan 27 (Reuters) - U.S. stocks dropped more than 1% on Wednesday, showing little reaction to the latest Fed stat...

4 Min Read NEW YORK (Reuters) - U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds. Shares of videogame retailer GameStop Corp and movie theater operator AMC Entertainment Holdings Inc each more than doubled on Wednesday, continuing a torrid run higher over the past week, as amateur investors again piled in...

4 Min Read NEW YORK (Reuters) - The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve on Wednesday helped to limit moves. 3M Co climbed 3.26% as one of the biggest boosts on the Dow after it benefited from lower costs and demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections. Johnson & Johnson also prov...

S&P 500 scales new high on upbeat corporate earnings By Devik Jain and Medha Singh Reuters (Reuters) - U.S. stocks rose on Tuesday with the S&P 500 hitting another record high as positive earnings updates from a slew of companies including Dow components 3M and Johnson & Johnson supported sentiment. Johnson & Johnson rose 3.6% after the drugmaker forecast 2021 profit above estimates and promised data from its widely watched coronavirus vaccine trial soon. 3M Co, which makes N95 face masks a...

Wall St. ticks higher on upbeat corporate earnings By Devik Jain and Medha Singh Reuters (Reuters) - U.S. stocks rose in choppy trading on Tuesday, with the S&P 500 scaling a new peak after a batch of upbeat earnings updates including Johnson & Johnsons strong profit forecast and 3Ms quarterly profit beat. J&J added 3%, and was the top gainer on the Dow, as the drugmaker also said it expected to report eagerly awaited COVID-19 vaccine data early next week. 3M Co climbed 3.1% as it benefited...

By Matt Scuffham NEW YORK (Reuters) - Global stocks lagged and the dollar advanced in volatile markets on Monday, with sentiment hit by increasing COVID-19 cases, delays in vaccine supplies and uncertainty over a $1.9 trillion U.S. stimulus plan. Equity markets have scaled record highs in recent days on bets vaccines will start to reduce infection rates worldwide and on a stronger U.S. economic recovery under President Joe Biden. However, investors are wary about towering valuations amid qu...

4 Min Read NEW YORK (Reuters) - The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve on Wednesday helped to limit moves. 3M Co climbed 3.26% as one of the biggest boosts on the Dow after it benefited from lower costs and demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections. Johnson & Johnson also prov...

4 Min Read NEW YORK (Reuters) - The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve on Wednesday helped to limit moves. 3M Co climbed 3.26% as one of the biggest boosts on the Dow after it benefited from lower costs and demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections. Johnson & Johnson also prov...

4 Min Read NEW YORK (Reuters) - The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve on Wednesday helped to limit moves. 3M Co climbed 3.26% as one of the biggest boosts on the Dow after it benefited from lower costs and demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections. Johnson & Johnson also prov...

4 Min Read NEW YORK (Reuters) - Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over the timing and scope of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies. Investors turned their focus to the U.S. Senate, which is aiming to pass COVID-19 relief legislation before former President Donald Trump’s impeachment trial begins in early February. Stocks mo...