US EditionWall Street waffles around its records after the Fed cuts rates but won’t guarantee more
- On Tuesday, the U.S. stock market edged toward record highs as the S&P 500 rose 0.3%, the Dow Jones Industrial Average added 298 points, and the Nasdaq composite climbed 0.6%.
- Expectations of Fed rate cuts and forecasts of solid corporate profits, plus a slowing job market, support stock gains Tuesday.
- PayPal jumped 10.6% after reporting bigger summer profits than analysts expected, while United Parcel Service also boosted trading with strong third-quarter sales and profit targets.
- On the losing end, Royal Caribbean fell 8.4% despite a stronger profit, and D.R. Horton sank 2.5% after reporting a weaker summer profit.
- Bond yields are moving modestly as the 10-year Treasury yield edged down to 3.99% from 4.01% late Monday, while tech giants will report this week.
57 Articles
57 Articles
Sun-Sentinel
Wall Street waffles around its records after the Fed cuts rates but won’t guarantee more
U.S. stocks are hanging around their records as Wall Street waits to hear from the Federal Reserve about interest rates.
Royal Caribbean Cruises (RCL) Down 7% After Earnings
Key Points Strong profitability, higher dividends, and share buybacks underscore robust demand and management confidence for 2026. Royal Caribbean beat on EPS but missed slightly on revenue amid weather-related disruptions and Labadee closure. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in yo…
Herald Bulletin
US stocks drift near their record heights as PayPal rallies and Royal Caribbean falls
The U.S. stock market is drifting near its record heights. The S&P 500 rose 0.1% Tuesday. The Dow Jones Industrial Average added 227 points, and the Nasdaq composite climbed 0.3%. All three indexes are coming off their latest all-time highs.…
PayPal flags smaller basket sizes, cautious shoppers amid macro uncertainty
PayPal saw a slowdown in payments activity in September that continued into October across both the U.S. and Europe, as consumers became more selective in their purchases, CFO Jamie Miller told analysts on a call.Shares of the company, which had initially jumped 17 per cent after PayPal announced a partnershi
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