By Devik Jain and Sagarika Jaisinghani Oct 1 (Reuters) – Wall Street’s main indexes were set to jump on the first day of the fourth quarter on Thursday as investors remained hopeful of a new coronavirus fiscal aid package, while data showed weekly jobless claims hovered at recession levels. The Trump administration has proposed a…
Aug 27 (Reuters) – The U.S. economy continues to make progress towards the Federal Reserve’s benchmarks for reducing its pandemic-era emergency programs, Fed Chair Jerome Powell said on Friday, in remarks that defended the view current high inflation will likely pass and stopped short of signaling the timing for any policy shift. STORY: STATEMENT: MARKET…
By Medha Singh and Sanjana Shivdas March 11 (Reuters) – U.S.stock indexes dropped sharply on Wednesday after attempting a rebound in the previous session, on skepticism around President Donald Trump’s stimulus plan to combat the coronavirus outbreak. The benchmark S&P 500 index was 17.6% below its all-time peak hit on Feb.19. If it closes 20%…
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By Medha Singh and Shivani Kumaresan Nov 3 (Reuters) – Wall Street’s main indexes jumped on Tuesday as investors bet that one of the country’s most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. All 11 major S&P indexes were up…
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By Medha Singh and Sruthi Shankar April 27 (Reuters) – Lackluster results from Tesla and 3M dragged Wall Street’s main indexes lower on Tuesday, shifting investor focus to earnings from big technology companies, including Microsoft and Alphabet, later in the day. Electric-car maker Tesla Inc tumbled 4%, dragging down the S&P 500 and the Nasdaq,…
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