By Noel Randewich, Lewis Krauskopf and Devik Jain Oct 7 (Reuters) – Wall Street ended sharply higher on Thursday in a broad-based rally led by heavyweight technology shares, as a truce in the debt-ceiling standoff in the U.S.Congress relieved concerns of a possible government debt default this month. Mega-cap stocks, including Apple Inc, Amazon.com Inc…
Markets were encouraged by a sharper-than-expected increase in US consumer spending A raft of good news about the US economy, including stronger-than-expected retail sales data, boosted stocks worldwide on Tuesday, even as inflation concerns persist. All three major Wall Street indices closed with solid gains as traders cheered reports showing consumers spent with abandon in…
By Rodrigo Campos NEW YORK, April 22 (Reuters) – An index of stocks across the world fell on Thursday weighed by Wall Street after reports that the Biden administration will propose a sharp increase to capital gains tax, while the dollar index rose as the euro and pound gave back recent gains. Oil prices rose…
By Shreyashi Sanyal and Devik Jain Oct 7 (Reuters) – U.S.stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default later this month. U.S. Senate Majority Leader Chuck Schumer announced Senate leaders have agreed…