Page 20 - Tim Ghriskey News Today

NEW YORK, July 15 — US stocks closed sharply higher yesterday, ending several days of sell-offs with a rebound fuelled by upbeat earnings, strong economic data and easing fears...

US stocks on Friday closed sharply higher, ending several days of sell-offs with a rebound fueled by upbeat earnings, strong economic data and easing fears of a larger-than-expected interest rate hike by the US Federal Reserve. All three major US stock indices posted solid gains, with financials leading the charge in the wake of Citigroup Inc’s earnings beat. This reversed Thursday’s sell-off driven by downbeat guidance from rivals JPMorgan Chase & Co and Morgan Stanley. The S&P 500 ...

All three major US indexes post solid gains, with financials leading charge

Financial sector-related exchange traded funds will be in the limelight this week as Wall Street banks kick off the earnings season.

Semiconductor stocks on Friday took a beating after a grim profit warning from Idaho-based Micron Technology Inc sparked fresh worries about the US’ earnings power as the country is potentially heading for a recession. Despite a broader stock market rally, the Philadelphia Stock Exchange Semiconductor Index dropped 3.8 percent after Micron, the largest maker of memory semiconductors in the US, flagged that demand was cooling for chips used in computers and smartphones. The index — which is ...

Wall Street ends first day of third quarter with solid rebound | 2022-07-02 09:03:14

Wall Street on Friday bounced back to a sharply higher close in light trading, as investors embarked on the second half of the year ahead of a long holiday weekend. All three major US stock indices reversed early losses to close well into positive territory in the wake of the stock market’s worst first half in decades. However, all three posted losses for the week. “We’re headed into the holiday weekend and having a late-day relief rally, but we’ll likely have to wait until investors ret...

All three major US stock indexes reverse early losses to end well into positive territory. Read more at straitstimes.com.

Wall Street rallied to close higher on Friday in light trading, with investors heading into the long holiday weekend and embarking on the second half of year looking for the next market-moving catalyst.

All three major US stock indexes reverse early losses to end in positive territory