US EditionWall Street Rises as Banks and Tech Companies Help Lead the Way
Major U.S. banks and tech firms reported profits exceeding expectations, boosting markets amid Federal Reserve signals of potential interest rate cuts.
- On Wednesday, U.S. stocks climbed following strong profit reports from Bank of America, Morgan Stanley, Nvidia, and ASML as the S&P 500 rose 0.7%.
- Federal Reserve Chair Jerome Powell's comments on Tuesday prompted renewed interpretation of policy direction, while the U.S. government shutdown delayed the inflation report due Wednesday.
- Earnings from major banks and tech firms showed Bank of America climbed 4.6% and Morgan Stanley jumped 6.6% after stronger profits, while ASML and Nvidia boosted tech gains.
- Russell 2000 futures rose 1% to 2,535 in premarket as small-cap U.S. companies face pressure to sustain earnings after a 35% rally since April.
- The Fed's rate cut last month and gold soaring nearly 60% in 2025 reflect investors seeking protection amid trade and geopolitical risks.
35 Articles
35 Articles
The Northern Virginia Daily
Wall Street climbs following strong profit reports
Stocks are climbing following strong profit reports from big banking and technology companies. The S&P 500 rose 0.8% Wednesday, coming off a roller-coaster day where it careened between a sharp loss and modest gain. The Dow Jones Industrial Average added…
The Killeen Daily Herald
Wall Street climbs after strong profit reports wrest the spotlight from US-China trade tensions
Stocks are climbing following strong profit reports from big banking and technology companies. The S&P 500 rose 0.9% Wednesday, coming off a roller-coaster day where it careened between a sharp loss and modest gain. The Dow Jones Industrial Average added…
A renewed wave of dip buying fueled a rally in stocks as the early earnings season underscores the strength of U.S. companies amid bets that the Federal Reserve's rate cuts will maintain the positive trajectory.
US stocks climb following profit reports from banks and tech
Stocks are climbing following profit reports from some of the world’s biggest names in banking and technology. The S&P 500 rose 0.7% in early trading Wednesday. The Dow Jones Industrial Average climbed 204 points, and the Nasdaq composite added 1%.…
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