Tag: stocks

January 20, 2021

Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a […]

January 13, 2021

Stocks shook off a midday slide and ended with modest gains Tuesday, leaving the major indexes close to their recent all-time highs. Small-company stocks continued to outpace the rest of the market by a wide margin, a sign that investors […]

January 12, 2021

Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at […]

January 11, 2021

The week is off to a bearish start for cryptocurrency as the price of Bitcoin fell nearly $10,000 from its Friday high of nearly $42,000, temporarily ending an unprecedented rally. On Monday morning, Bitcoin was trading under $33,000—a more than […]

January 4, 2021

The New York Stock Exchange plans to delist three state-owned Chinese telecommunications companies from U.S. stock exchanges by Jan. 11, following President Donald Trump’s November executive order prohibiting U.S. investment in companies that Washington says support the Chinese military. American […]

December 21, 2020

Wall Street analysts could not have predicted that a new strain of the coronavirus detected in the U.K. and South Africa would lead to the S&P 500 taking a dive in market trading on Monday, even as the U.S. government […]

December 11, 2020

European Commission President Ursula von der Leyen warned that a no-deal split with the U.K. is the likeliest outcome on Dec. 31 as last-ditch talks to try to reach a deal before Sunday continue in Brussels. Prime Minister Boris Johnson’s […]

December 7, 2020

BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a six-to-12-month […]

December 3, 2020

Stocks are opening slightly higher on Wall Street, keeping major indexes hovering near record highs. The S&P 500 edged up less than 0.1% in the early going Thursday, nudged along by gains in technology and industrial companies. Investors are keeping […]

October 26, 2020

Stock-index futures slumped Monday as the number of daily U.S. COVID-19 infections hit a record at the end of last week and a final agreement on a new round of aid to the economy remained elusive. What are major benchmarks […]