Page 38 - Wall Street

Tesla profit, vague vehicle delivery forecast disappoint Wall Street

Investors had hoped for a significant increase over the company's 2020 delivery goal of half a million vehicles, but Tesla provided only a vague outlook and did not state a concrete delivery goal.

Apple tops Wall Street expectations on record iPhone revenue, stock gains

Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look appear to have tapped into pent up demand for upgrades, especially in China

Microsoft sales climb 17%, lifted by robust cloud demand; stock jumps

Microsoft shares climbed about 3.1 per cent in premarket trading in New York on Wednesday, as it continued to surpass record highs

Wall Street opens lower with earnings underway, eyes on Federal Reserve

The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78

Wall Street edges up as earnings season gains speed; General Electric up 4%

Of the 84 companies that have posted earnings through Tuesday morning, 86.9% have topped analyst expectations, according to Refinitiv data

S&P 500 scales new high on upbeat corporate earnings; GE jumps 8%

The Dow Jones Industrial Average rose 8.5 points, or 0.03%, at the open to 30968.55

Stimulus jitters dent Wall Street's early gains; Nasdaq, S&P at records

NEW YORK (Reuters) - Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over the timing and scope of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.

Global stocks lag, dollar advances in volatile market on Covid-19 concerns

Equity markets have scaled record highs in recent days on bets vaccines will start to reduce infection rates worldwide and on a stronger US economic recovery under President Joe Biden

IBM, Intel slump weighs on Wall Street as coronavirus concerns rise

IBM Corp slumped 9.83% and was the top drag on the Dow Jones Industrial Average after it missed estimates for quarterly revenue, hurt by a rare sales decline in its software unit

IBM Corp revenue disappoints as software sales mark rare decline

IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals

Wall Street slips as IBM, Intel falter after results; Dow falls 160 points

The Nasdaq Composite gained 0.76 points to 13,531.18, helped by a rise in shares of Microsoft Corp and Facebook Inc.

Sensex ends at day's low, down 746 pts ; Bajaj Auto jumps 11%; RIL down 2%

Shares of Reliance Industries ended 2.4 per cent lower on Friday ahead of the announcement of its December quarter results. The shares have surged around 6 per cent during the week

Asian markets set for messy open after US stocks peak on Biden inauguration

On Thursday, the Nikkei 225 index closed up .82%, and the futures contract is now down 0.49% from the close

Wall Street hovers near record highs after Biden bounce; Ford Motor up 3%

President Joe Biden is expected to launch an array of initiatives during his initial days in office, including ramping up testing and vaccine rollouts.

Equities hit record highs; oil, dollar edges higher as Biden takes office

U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about debt later at a confirmation hearing Tuesday

Asian stocks set for strong start after day of gains on Wall Street

The Biden administration is expected to push through a nearly $2 trillion US fiscal stimulus plan

Wall Street closes at record highs as Netflix jumps, Biden inaugurated

Dow up 0.83%, S&P 500 up 1.39%, Nasdaq up 1.97%; FAANGs jump after Netflix results beat estimates

Bank of America's Q4 profit falls 18% to $5.47 bn but tops Street views

The firm said it plans to repurchase $2.9 billion worth of stock this quarter, the most it can under new Federal Reserve guidelines

Wall Street opens higher ahead of Yellen speech; spotlight on earnings

Wall Street opens higher ahead of Yellen speech; spotlight on earnings

Bank of America fourth quarter profit fell 18% but topped Street views

Bank of America Corp. says its fourth-quarter profit fell nearly 18 per cent to USD 5.47 billion from USD 6.99 billion a year earlier. The bank, based in Charlotte, North Carolina, said Tuesday that it had earnings of 59 cents per share, down from 74 cents a year ago. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The nation's second-largest bank posted revenue net of interest expense of USD 20.1 billion, which missed Street forecasts. Six analysts surveyed by Zacks expected USD 20.4 billion. Bank of America shares have increased nearly 9 per cent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased nearly 5 per cent in the last 12 months.