While you were sleeping: Wall Street moves higher
By Margreet Dietz Nov. 21 (BusinessDesk) - Wall Street climbed amid optimism that the outlook for corporate profits and economic growth justify valuations as the Trump administration aims to move ahead on its tax reform plans. “Very near term, stocks face cross currents as...
While you were sleeping: Wal-Mart, Cisco rallies boosts mood
By Margreet Dietz Nov. 17 (BusinessDesk) - Wall Street gained as shares of Wal-Mart and those of Cisco rallied after posting earnings that beat expectations. Also adding to sentiment was renewed optimism that the Trump administration is making progress on its tax reform inc...
While you were sleeping: Target slumps on outlook
By Margreet Dietz Nov. 16 (BusinessDesk) - US Treasuries rose while Wall Street slid as investors reassessed the outlook for corporate profits for retailers including Target amid intensifying competition from Amazon. In 12.56pm trading in New York, the Dow Jones Industrial...
While you were sleeping: GE leads Wall St drop
By Margreet Dietz Nov. 15 (BusinessDesk) - Wall Street declined, as shares of General Electric sank for a second day and energy stocks slid with oil prices. In 1.08pm trading in New York, the Dow Jones Industrial Average fell 0.3 percent, while the Nasdaq Composite Index sh...
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