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Tag Archives: finance

Stocks up on hope of UK stimulus, eurozone Brexit resilience

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Stock markets turned higher on Friday after surveys suggested the eurozone economy is proving resilient to the uncertainty surrounding Britain’s Brexit vote. A big drop in business activity in the U.K. raised expectations of more central bank stimulus there. KEEPING SCORE: Britain’s FTSE 100 rose 0.4 percent to 6,728 and Germany’s DAX was up 0.1 percent to 10,163. France’s CAC ...

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BancorpSouth earnings dip but bank says settlement not a factor

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By JACK WEATHERLY BancorpSouth’s earnings dipped in the second quarter, but that had nothing to do with the lender’s $10.6 million fine for redlining certain minority neighborhoods of Memphis, it said in a release issued Wednesday night. Net income for the quarter ending June 30 was $34.7 million, or 37 cents per share, compared with $39.7 million, or 41 cents ...

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Stock indexes listless, remain close to record levels

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Stock indexes were listless in midday trading Thursday after the European Central Bank held interest rates at record lows and a series of U.S. companies reported mixed earnings. KEEPING SCORE: The Standard & Poor’s 500 index was flat at 2,173 at 11:12 a.m. Eastern time. Through the morning, it has remained within 0.1 percent, up or down, of its record ...

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ANOTHER RECORD: US stocks led by gains in technology

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Stocks are closing higher on Wall Street, led by gains in technology companies after Microsoft reported surprisingly strong results. The gains Wednesday extended a winning streak for the Dow Jones industrial average and kept the market at record-high levels. Microsoft jumped 5 percent after the company reported big gains in its cloud computing services. That helped send other technology stocks ...

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Stock indexes drift higher in midday trading on Wall Street

Stock Market Financial Trading Screen in Green and Red

U.S. stock indexes edged higher in midday trading Monday, holding at record levels, as investors looked past a failed military coup in Turkey. Technology stocks led the way. KEEPING SCORE: The Standard & Poor’s 500 index was up 5 points, or 0.2 percent, to 2,167 as of 11:23 a.m. Eastern time. The Dow Jones industrial average rose 31 points, or ...

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Stocks are rising on Wall Street for 6th day

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Stocks are rising modestly in early morning trading Friday as the market extends a winning streak into a sixth day. Bond yields climbed again as investors felt more comfortable moving money out of low-risk assets. Raw material suppliers and health care stocks led the advances. KEEPING SCORE: The Dow Jones industrial average rose 29 points, or 0.2 percent, to 18,535 ...

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US stocks rise for a 5th day on solid earnings reports

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Solid earnings reports Thursday drove the stock market to another record high. Stocks rose from the start of trading after JPMorgan Chase released results that were better than analysts expected. Companies are expected to report earnings dropped again in the April-June period, but a few big ones that have released numbers so far have beaten low expectations, encouraging investors. The ...

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Stocks edging lower on Wall Street in midday trading

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Stocks are edging lower on Wall Street in midday trading Wednesday after setting records the last few days. Energy companies are dropping sharply along with the price of oil. Utility companies, prized for the steady dividends, are rising. KEEPING SCORE: The Dow Jones industrial average slipped 14 points, or 0.1 percent, to 18,334 at 12:07 p.m. Eastern time. The Standard ...

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Dow Jones industrial average closes at a record high

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The stock market reached another milestone Tuesday as the Dow Jones industrial average closed at a record high. A day earlier, the broader Standard & Poor’s 500, a widely used benchmark for index funds, also reached a record-high close. Both indexes beat peaks set in May 2015. The Dow, which is made up of just 30 stocks, is an older ...

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Stocks gain, putting S&P 500 on track for record high close

Wall Street stocks

Stocks are rising in midday trading Monday following market rallies overseas after the ruling party in Japan won a key election and Friday’s strong employment report in the U.S. The gains put the Standard and Poor’s 500 index on track for a record high close. KEEPING SCORE: The S&P 500 gained 10 points, or 0.5 percent, to 2,140 at 12:05 ...

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