While you were sleeping: Mixed signals weigh on Wall St
By Margreet Dietz May 23 (BusinessDesk) - Wall Street fell, having retreated from earlier gains, amid conflicting messages from the Trump administration about trade talks with China and doubt about the summit with North Korea. In 3.41pm trading in New York, the Dow Jones I...
While you were sleeping: Wall St rallies as US puts 'trade war on hold'
By Margreet Dietz May 22 (BusinessDesk) - Wall Street rallied amid optimism that the US is backing off its recent protectionist stance in an effort to resolve an international trade dispute with China. The rally comes a day after US Treasury Secretary Steven Mnuchin said th...
While you were sleeping: Cisco, Walmart slide
By Margreet Dietz May 18 (BusinessDesk) - Wall Street weakened as US Treasury yields continued their ascent, while shares of Walmart fell amid concern about declining margins. Even as Walmart posted quarterly earnings and sales that beat analysts’ expectations, the stock de...
While you were sleeping: Macy’s upbeat outlook boosts Wall St
By Margreet Dietz May 17 (BusinessDesk) - Wall Street rose as better-than-expected results from Macy’s lifted its shares as well as those of other retailers and underpinned optimism about consumer spending and the economic outlook. Shares of Macy’s rallied, up 11 percent a...
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