US stocks rose yesterday with the S&P500 hitting another record high as positive earnings updates from a slew of companies – including Dow components 3M and Johnson & Johnson – supported sentiment.
[NEW YORK] 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. Read more at The Business Times.
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NEW YORK (Reuters) - Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal.
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford
Oil prices were little changed as demand concerns were mostly offset by a large drop in U.S. crude inventories.
Stocks in the United States added to losses after the Federal Reserve left its key rate near zero and made no change to its monthly bond purchases, while flagging a potential slowdown in the pace of the economic recovery.
Republicans fail to halt Trump trial
SIGN OF UNITY? Only five Republicans sided with Democrats to reject the motion, far short of the 17 Republicans who would be needed if the former US president is to be convicted
Reuters, WASHINGTON
Forty-five Republicans in the US on Tuesday backed a failed effort to halt former US president Donald Trump’s impeachment trial, in a show of party unity that some cited as a clear sign that he would not be convicted of inciting insurrection at the US Capitol.
US Senator Rand Paul, a Republican, made a motion on the Senate floor that would have required the chamber to vote on whether Trump’s trial in February contravenes the US constitution.
earlier eight-day low, as corporate earnings results bolstered
Wall Street, offsetting uncertainty about the speed and size of
U.S. stimulus.
greenback, or 78.75 U.S. cents, having touched its weakest since
Jan. 18 at 1.2782.
earnings updates from a slew of companies including General
Electric and Johnson & Johnson, while the Federal Reserve kicked
off its two-day policy meeting. U.S. Senate Majority Leader Chuck Schumer said Democrats may
try to pass much of President Joe Biden’s $1.9 trillion spending
package with a majority vote, but it is not clear if they have
the numbers to override Republican objections. Canada sends about 75% of its exports to the United States,