Market movers: Stocks seeing action on Friday - and why
A roundup of some of the North American equities making moves in both directions
Stay updated with breaking news from Chipmaker Intel Corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A roundup of some of the North American equities making moves in both directions
* Southwest Airlines rises on smaller-than-expected loss * U.S. weekly jobless claims decline further * Indexes Down: Dow 0.44%, S&P 0.18%, Nasdaq 0.07% (Updates prices to open) April 22 (Reuters) - The S&P 500 and Dow Jones indexes edged lower on Thursday as a resurgence of COVID-19 cases globally sapped appetite for stocks, with data showing tepid U.S. home sales adding to the grim mood. Investor sentiment dulled in the first half hour of trading, with eight of the 11 major S&P 500 sectors in the red. American Airlines Group Inc and Southwest Airlines Co reported a smaller-than-expected qua...
* U.S. weekly jobless claims decline further * Indexes down: Dow 0.94%, S&P 500 0.92%, Nasdaq 0.94% (Adds Intel earnings) By Herbert Lash NEW YORK, April 22 (Reuters) - U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech's earnings next week. The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress. "If it had a chance of passin...
U.S. stocks close down on news of Biden tax proposal By Herbert Lash Reuters NEW YORK (Reuters) -U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech's earnings next week. The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress. "If it had a chance of passing, we'd be down 2,000 points," said Thomas Hayes, chairman and managing ...
Intel CEO to travel to Europe to meet officials, customers FILE PHOTO: The logo for the Intel Corporation is seen on a sign outside the Fab 42 microprocessor manufacturing site in Chandler, Arizona, U.S., October 2, 2020. REUTERS/Nathan Frandino April 21, 2021 BERLIN (Reuters) – Chipmaker Intel Corp confirmed on Wednesday that Chief Executive Pat Gelsinger will travel to Europe next week to meet with European Union officials and customers. Intel said last month that it will build a major new semiconductor factory – called a “fab” by industry officials – in Europe, with plans to ...