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 provided a strong lift, up 2.71% as the drugmaker said it expected to report eagerly awaited COVID-19 vaccine data early next week.
Dollar at one-week highs on safety bid, euro struggles
The dollar climbed to a one-week high against its rivals on Tuesday as doubts over the speed and size of U.S. stimulus discouraged risk-taking ahead of this week’s Federal Reserve policy meeting.
Early London trading had a broadly cautious tone, with currencies including the Australian dollar and the euro under selling pressure.
The single currency was further weighed down by early signals that the economy may not rebound as strongly this year as predicted. Germany’s Ifo business climate indicator undershot expectations on Monday and an economic surprise index in Europe is hovering near six-week lows.
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 provided a strong lift, up 2.71% as the drugmaker said it expected to report eagerly awaited COVID-19 vaccine data early next week.
US House distributes articles of impeachment against Trump in Senate
Washington, Jan 26 (UNI) The US House of Representatives has delivered to the Senate the latest articles of impeachment against former President Donald Trump, which accuse him of inciting the riot at the Capitol building on January 6.
US Senate Majority Leader Chuck Schumer said last week that Trump s impeachment trial is scheduled to begin the week of February 8.
It will be the first time in US history that any president faced two impeachment trials or that any president was impeached after he left office.
UNI XC-GNK 0609
Washington, Apr 18 (UNI) China and the United States have agreed to cooperate on the issue of climate change, US Special Presidential Envoy for Climate John Kerry and China Special Envoy for Climate Change Xie Zhenhua said in a joint statement after their Shanghai talks.see more..
The U.S. dollar edged lower across the board as traders showed a preference for riskier currencies on Tuesday, a day after worries over vaccine rollouts and the outlook for U.S. fiscal stimulus boosted demand for safe havens.