Tag: earnings

Miners, Weak Earnings Drag European Stocks Lower

October 21, 2021
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European stocks retreated from six-week highs on Thursday, with miners leading the declines on renewed concerns about China’s property sector, while mixed quarterly updates from companies dampened risk appetite. The Europe-wide STOXX 600 index fell 0.2 percent due to a dour mood in global markets following the collapse of a $2.6 billion asset sale at…

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European Stocks Steady as Nestle Shines in Mixed Bag of Earnings

October 20, 2021
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European shares were flat on Wednesday as strong results from Nestle boosted food company stocks and made up for disappointing earnings from a clutch of firms, including French luxury group Kering and Dutch semiconductor company ASML. The pan-European STOXX 600 index inched up 0.1 percent, reversing slight opening losses after Asian peers tracked a strong…

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Shares Gain on Earnings Optimism

October 20, 2021
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LONDON/TOKYO—Shares from Asia to Europe gained on Wednesday on rising optimism about the global economy and corporate earnings, while government bond yields rose and the yen fell to its lowest in four years against the dollar. The regional Euro STOXX 600 traded up 0.1 percent after opening in negative territory, amid a somewhat mixed picture…

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Wall Street Ends Higher as Investors Bet on Positive Earnings Season

October 20, 2021
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U.S. stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate. In its fifth straight session of gains, the benchmark S&P 500 index finished just 0.4 percent below its…

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European Earnings Seen Up 47.6 Percent in Third Quarter

October 19, 2021
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MILAN—Europe Inc. earnings are expected to have risen 47.6 percent to 96.1 billion euros ($112 billion) in the third quarter, data from Refinitiv I/B/E/S showed on Tuesday, as the region’s economic recovery continues following the severe pandemic downturn. The estimate, based on firms listed on the STOXX 600 benchmark, is a slight improvement from last…

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Futures Rise as Upbeat Earnings Boost Risk Appetite

October 19, 2021
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U.S. stock index futures rose on Tuesday as an upbeat profit forecast from Johnson & Johnson added to the positive momentum in corporate earnings generated by big banks last week. Johnson & Johnson’s shares rose 1.7 percent after it raised its 2021 adjusted profit forecast, even as it stuck to its outlook of $2.5 billion…

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Wall Street Rises as Earnings Whip Up Risk Appetite

October 19, 2021
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U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week. The benchmark S&P 500 index is now less than 1 percent away from a record high hit in early September, with…

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Futures Edge Lower Ahead of Earnings, Inflation Worries Persist

October 18, 2021
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U.S. stock index futures edged lower on Monday, led by technology shares, ahead of a slate of earnings reports this week, while a relentless surge in oil prices fueled concerns about elevated inflation. Facebook Inc., Google-parent Alphabet, Microsoft Corp., Amazon.com Inc., Intel Corp., and Advanced Micro Devices Inc. slipped between 0.1 percent and 0.7 percent….

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Wall Street Tracks Weekly Gains on Strong Banks Earnings, Retail Sales Data

October 15, 2021
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U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery. Goldman Sachs gained 2.7 percent as a record wave of dealmaking activity drove a surge in the bank’s…

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Wall Street Opens Higher on Goldman Earnings, Retail Sales Data

October 15, 2021
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Wall Street’s main indexes opened higher on Friday after Goldman Sachs rounded out a strong earnings season for big banks, while a surprise rise in retail sales strengthened views about economic recovery. The Dow Jones Industrial Average rose 111.07 points, or 0.32 percent, at the open to 35,023.63. The S&P 500 opened higher by 9.43…

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