Market Pulse - Usa
US close: Stocks close near record highs as JPMorgan and Disney put on a show
US stocks closed higher on Friday as bellwether JPMorgan Chase kicked off the first-quarter earnings season with a solid performance and Disney shot up after announcing its foray into the streaming world.
US open: Stocks open higher as bellwether JPMorgan Chase tops estimates
US stocks recorded some gains at the open on Friday as bellwether JPMorgan Chase kicked off the first-quarter earnings season in style.
US import prices suppressed by strong dollar
Import prices in the US jumped for a second month in March, on the back of another large increase in fuel import costs.
Wells Fargo beats analysts' Q1 estimates, but posts decline in revenues
Wells Fargo posted better-than-expected growth on both its top and bottom line for the first quarter, but revenues still fell versus the year ago period, despite a jump in its so-called market sensitive income, as non-interest income declined.
JPMorgan Chase turns in best first-quarter in US banking history
JPMorgan Chase turned in the highest first-quarter profit in US banking history on Friday, reporting a record net income of $9. 18bn for the three months ended 31 March as a solid performance from its business and its consumer arms offset declining trading revenues.
Disney announces streaming service aimed at taking on Netflix
Walt Disney revealed its ambitious plans for a streaming service aimed at undercutting Netflix, pitting the world's largest traditional media company against technology outfits in a high-stakes battle.
US close: Markets mixed as investors digest latest news on US-China front
Wall Street finished in a mixed state on Thursday, after a session in which investors digested the latest news on Sino-US relations and looked to the start of the first-quarter earnings season.