US stocks climb as strong economic data bolster sentiment ahead of Powell speech

U.S. stocks rose on Thursday, with major benchmarks heading for back-to-back gains after a string of strong economic data as investors awaited news from Federal Reserve Chairman Jerome Powell on Friday. How Stocks Trade S&P500 SPX rose 42 points, or 1%, to 4,183. Dow Jones Industrial Average DJIA advanced 150 points, or 0.5%, to 33,116. … Read more

The Dow plunges 400 points, the S&P 500 loses 1.6%, as investors question the Fed’s pivot thesis

US stocks slid on Monday on fears that the recent rally was based on an overly optimistic view about the Federal Reserve’s potential to back away from using sharply higher interest rates to fight inflation. How are stocks traded? The S&P 500 SPX, -1.69% fell 67 points, or 1.6%, to 4,161 The Dow Jones Industrial … Read more

Amazon stock jumps 14% as sales batter and AWS growth overcomes second straight quarterly loss

Amazon.com Inc. decided to cut spending after years of pumping money into growth, and the result was a second straight quarterly loss, but slowing sales and continued strong growth for Amazon Web Services. helped push the stock higher after hours trading. Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or 20 cents … Read more

Visa beats profit expectations as CFO sees ‘no evidence of pullback’ in spending

Visa Inc. beat expectations with its latest results on Tuesday and sent an optimistic signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid growing concern about the state of the consumer given factors such as rising inflation and rising interest rates, Visa V, -0.83% joined another card company American … Read more