The Wrap: ASX fends off inflation blow to finish higher
The Australian sharemarket gave up early gains on Wednesday after the release of higher-than-expected inflation data, but still closed higher. Medibank slumped as its cyberattack woes escalated.
Stocks End Higher on Wall Street as Earnings Roll In
Wall Street notched more gains Tuesday, as major stock indexes rallied for the third day and Treasury yields fell again. The S&P 500 rose 1.6 percent, with roughly 90 percent of stocks in the index notching gains. The benchmark index hadn’t been able to string together more than two gains in a row since mid-September. The Dow Jones Industrial Average rose 1.1 percent and the Nasdaq closed 2.3 percent higher. Smaller company stocks outpaced the b…
Wall Street opens mostly higher as earnings reports roll in
NEW YORK (AP) — Stocks are off to a mostly higher start on Wall Street as traders take in a big round of earnings reports from big U.S. companies.General Motors was up after delivering solid results, while packaging maker Crown Holdings fell sharply after its latest earnings fell short of estimates.The S&P 500 was up 0.3% in the early going Tuesday while the Dow was little changed.The Nasdaq composite rose 0.7%. Treasury yields continued to pull…