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Wall Street slides as Fed signals smaller rate cut

NEW YORK, July 20 ― Wall Street's main indexes fell yesterday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. The benchmark S&P 500 erased earlier marginal…


Wall Street climbs as Fed's Williams cements rate-cut expectations

NEW YORK, July 19 ― US stocks moved higher yesterday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the US central bank at the end of the month. Williams said that…


US stocks dip on mixed earnings, Netflix plunges

NEW YORK, July 18 — Wall Street stocks fell early today amid lingering uncertainty over trade talks following mixed earnings, including a lacklustre report from Netflix. Streaming video company Netflix was off around 10 percent after reporting…


Wall St falls as CSX results signal damage from trade tensions

NEW YORK, July 18 — US stock indexes fell yesterday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX shares tumbled 10.3 per cent, their biggest…


Wall Street slips as bank earnings, Trump trade comments weigh

NEW YORK, July 17 — US stocks edged lower yesterday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from US President Donald Trump on trade also dragged down Wall Street's major…


US stocks edge down from records

NEW YORK, July 16 — Wall Street stocks edged down from records early today following mixed banking earnings and worrisome manufacturing data contrasted with strong US retail sales. Shares of JPMorgan Chase, the largest US bank by assets, were…


S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

NEW YORK, July 16 — The benchmark S&P 500 index ended little changed yesterday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a mixed quarterly report….


US stocks dip at start of heavy earnings week

NEW YORK, July 15 — Wall Street stocks edged lower early today ahead of a deluge of quarterly earnings reports from large banks and other companies. All three major indices had closed at records on Friday on optimism that the Federal Reserve will…


Fed optimism sends Wall Street to fresh highs

NEW YORK, July 12 — Wall Street spiked to new records at the open today, as investors cheered the news an interest rate cut by the Federal Reserve is coming soon. The gains put US stocks on track to notch modest gains for the second week in a row….


Global stocks rise as bond yields buoy financials, oil drops

NEW YORK, July 12 ― A broad index of stocks around the world rose yesterday as financial shares helped Wall Street's benchmark index advance, while oil prices fell on a forecast for weaker demand. The US benchmark S&P 500 stock index notched a…