Wall St extends rally, pushing S&P 500 to 50th all-time high close this year
Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA’s full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.
Cisco’s profit forecast disappoints on supply chain overhang
Cisco Systems Inc’s (CSCO.O) first-quarter profit forecast fell short of estimates on Wednesday, with the network gear maker warning that supply chain issues would continue to drive up component costs and delivery backlogs.
S&P 500 slips after Fed minutes show split over jobs, taper
The S&P 500 and the Dow industrials fell modestly on Wednesday after the release of minutes from the Federal Reserve’s policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy “could be reached this year.”
Wall Street slumps after weak retail sales, Home Depot results
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).
Tencent Music takes copyright rules in stride, earnings beat estimates
Tencent Music Entertainment Group (TME.N) said on Monday China’s copyright rules were unlikely to have a big impact on its online subscriptions, and its chief executive believes regulators want to promote healthy development of the music industry.
Disney bullish on parks despite Delta; investors cheer streaming growth
Walt Disney Co (DIS.N) earnings on Thursday topped Wall Street forecasts for the most recent quarter as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.
Boeing’s Starliner launch could face delay of several months – WSJ
Boeing Co’s (BA.N) Starliner space capsule launch could be delayed by several months as it will likely need to be removed from atop a rocket for repairs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
AMC gives up gains after quarterly results, film release deal
AMC Entertainment Holdings Inc (AMC.N) shares reversed course to trade down 5.7% on Tuesday a day after it posted better-than-expected quarterly results and a deal with Warner Bros for an exclusive movie release period for cinemas.
Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate
Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocksgained with the U.S. Senate’s passage of a $1 trillion bipartisan infrastructure package.
Oyu Tolgoi review raises doubts over Rio Tinto stance on cost overruns
Turquoise Hill Resources (TRQ.TO) said an independent review of$1.4 billion in cost overruns at the Oyu Tolgoi mine in Mongolia suggested that the project’s troubles were not caused by the geology issues that mine operator Rio Tinto blamed in 2019.
