Market Pulse - Usa
US close: Stocks higher as investors digest data
US stocks closed higher on Tuesday as investors digested a flurry of data in a busy week for economic indicators, earnings and central bank action.
US consumer confidence falls for third month in October
US consumer confidence dropped in October, with the Conference Board’s index falling to 102. 6 from a revised 104. 3 in September.
Pfizer posts first quarterly loss since 2019
Drugmaker Pfizer posted third-quarter sales that missed estimates and reported its first quarterly loss since 2019 on Tuesday amid plummeting demand for its Covid-19 vaccine.
Caterpillar sales growth slows in Q3
Shares in trade bellwether Caterpillar headed south in pre-market trading on Tuesday after news of the construction equipment manufacturer's decelerating sales growth more than offset its third-quarter earnings beat.
US open: Major indices search for direction following PCE data
Wall Street stocks turned in a mixed showing on Friday as indices searched for direction in the wake of key inflation data.
ExxonMobil Q3 profits fall from record highs
Natural gas giant ExxonMobil saw profits fall in the three months ended 30 September but still opted to raise its interim dividend amid heightened crude prices.
US close: Major indices down as Meta weighs on stocks
Major indices closed lower on Thursday as Meta Platforms joined Alphabet in underwhelming the market with its quarterly earnings.
US new home sales surge in September
New home sales in the US came in at an accelerated clip in September, rising 12. 3% month-on-month to the highest level seen since February 2022.
Hilton hikes expectations after bumper third quarter
Hotel giant Hilton Worldwide surpassed third-quarter revenue expectations in its latest figures on Wednesday on the back of record-high lodging prices and increased occupancy rates, prompting an upward revision to its annual forecast.
Coca-Cola Company comfortably beats third-quarter forecasts
Soft drink behemoth Coca-Cola topped expectations on quarterly earnings and revenue in its latest report on Tuesday, with earnings per share coming in at 74 cents.
General Electric raises guidance again after strong quarterly earnings
General Electric (GE) raised its full-year profit forecast for the third time this year on Tuesday on the back of strong quarterly earnings.
US open: Stocks slightly lower with all eyes on bond yields, Middle East
US stocks were slightly in the red on Monday morning as the yield on a 10-year US Treasury topped 5% for the first time in 16 years, while ongoing uncertainty surrounding the conflict in the Middle East continues to weigh on sentiment.
Tesla Q3 earnings fall short of expectations
Electric vehicles manufacturer Tesla posted third-quarter quarter earnings that came in below expectations on Thursday, with chief executive Elon Musk voicing concerns regarding the state of the global economy.
Philly Fed index improves by less than expected in October
The slowdown in factory sector activity in the U. S. mid-Atlantic region eased a tad in October.
AT&T raises FY guidance after strong Q3
Telecommunications firm AT&T upped its earnings and full-year free cash flow guidance on Thursday as it said quarterly subscriber numbers had beaten Wall Street estimates.
BNY Mellon Q3 profits boosted by interest rate hikes
Investment bank BNY Mellon posted third-quarter profits that came in ahead of estimates on Tuesday thanks to a leg up from higher interest rates.
US retail sales jump past forecasts in September
Retail sales in the U. S. jumped past forecasts last month.
Bank of America tops analysts' Q3 estimates
Bank of America beat analysts' estimates for its quarterly results thanks to bumper results in its trading arm and its global markets unit.
US close: Stocks mixed on Middle East concerns, bank results
Wall Street markets finished the week with a mixed performance on Friday, fuelled by the ongoing uncertainty surrounding the conflict between Israel and Hamas, partially offset by robust quarterly results from three of the nation's largest lenders.
JPMorgan beats third-quarter net income expectations
JPMorgan Chase reported third-quarter net income of $13. 2bn on Friday, equating to $4. 33 per share.