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Stocks hold firm, dollar slips as US Fed holds rates steady

Stocks hold firm, dollar slips as US Fed holds rates steady Apr 29, 2021 10:35 AM PHT Reuters World shares stayed close to record highs while the dollar and Treasury yields slipped after the Federal Reserve held interest rates and its monthly bond-buying program steady, giving no sign it was ready to reduce its support for the US economy. Investors had been anxiously waiting to see if the Fed would signal a tapering of its mass stimulus program. In a statement released after a two-day policy me...
United States Tactical Fund Advisors Drew Horter Stock Markets Stocks Amp Banking ஒன்றுபட்டது மாநிலங்களில்

Wall Street ends mixed despite bumper big-bank earnings - Netscape Money & Business

Wall Street ends mixed despite bumper big-bank earnings By Shivani Kumaresan, Shreyashi Sanyal and David French Reuters (Reuters) - Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks stellar results on the first day of earnings season. Shares of Goldman Sachs Group Inc and Wells Fargo & Co rose 2.3% and 5.5% respectively on bumper first-quarter profits. Goldman capitalized on record l...
New York United States Christopher Grisanti Shreyashi Sanyal Richard Chang Shivani Kumaresan

US stocks end mixed despite stellar bank earnings

Shares of Goldman Sachs Group Inc and Wells Fargo & Co rose on bumper first-quarter profits. Goldman capitalized on record levels of global deal-making activity, and Wells reduced bad loan provisions and got a grip on costs tied to its sales practices scandal. JPMorgan Chase & Co’s shares fell despite the largest United States bank’s earnings jumping almost 400 percent, as it released more than $5bn in reserves to cover coronavirus-driven loan defaults. “The bank earnings were strong...
New York United States Times Square Christopher Grisanti Coinbase Global Inc Goldman Sachs Group Inc

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