Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs

[ad_1] NEW YORK — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts’ estimates. The Charlotte, North Carolina-based bank posted a profit of $6.67 billion, or 76 cents per share, compared with $8.2 billion, or … Read more

Stock market today: Wall Street hesitates in mixed trading as Treasury yields rise more

[ad_1] U.S. stocks are hesitating in mixed trading, as strong profit reports from some big companies compete with continued worries about high interest rates. The S&P 500 was flat at the open of trading Tuesday, coming off a sharp loss after higher Treasury yields cranked up the pressure. The Dow Jones Industrial Average was up … Read more

Stock market today: Wall Street sinks after a mixed start to earnings reporting season as oil jumps

[ad_1] NEW YORK — U.S. stocks are sinking Friday after a mixed start to earnings reporting season. Worries about tensions in the Middle East are also sending prices for oil and gold higher, while Treasury yields fall as investors look for safer places for their money The S&P 500 was 0.9% lower in morning trading … Read more

Stock market today: Wall Street holds at a virtual standstill following last week’s sharp swerves

[ad_1] NEW YORK — U.S. stock indexes held at a virtual standstill Monday as trading calmed after a whirlwind couple of days left them a bit shy of their records. The S&P 500 edged down by 1.95 points, or less than 0.1%, to 5,202.39. It was coming off a shaky stretch where a 1.2% drop … Read more

Stock market today: Wall Street sinks on rate worries as health care stocks and Tesla tumble

[ad_1] NEW YORK — U.S. stocks sank Tuesday as Wall Street hit the brakes on what’s been a nearly unstoppable romp. The S&P 500 fell 37.96 points, or 0.7% to 5,205.81 for its worst day in four weeks. It was its second straight drop after setting an all-time high to close last week. Other indexes … Read more

Trump Media, Reddit surge despite questionable profit prospects, taking on the ‘meme stock’ mantle

[ad_1] NEW YORK — Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. They’re also, thanks to the rabid reception among investors coupled with the companies’ fuzzy profit outlooks, the latest meme stocks. Meme stocks are typically shares in companies whose underlying business fails … Read more

Trump’s social media company starts trading on Nasdaq with a market value of almost $6.8 billion

[ad_1] NEW YORK — As Donald Trump’s social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially too volatile. Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform … Read more

United Airlines, Dyne Therapeutics fall; Lucid Group, Century Aluminum rise, Monday, 3/25/2024

[ad_1] Stocks that are trading heavily or have substantial price changes on Monday: United Airlines, Dyne Therapeutics fall; Lucid Group, Century Aluminum rise NEW YORK — Stocks that are trading heavily or have substantial price changes on Monday: Boeing Co. (BA), up $2.45 to $191.30. Dave Calhoun will step down as CEO as the troubled … Read more

Nike, Lululemon fall; FedEx Star Equity rise, Friday, 3/22/2024

[ad_1] Stocks that traded heavily or had substantial price changes on Friday: Nike, Lululemon fall; FedEx, Star Equity rise NEW YORK — Stocks that traded heavily or had substantial price changes on Friday: Nike Inc., down $6.96 to $93.86. The sneaker and athletic apparel maker gave investors a disappointing revenue forecast. FedEx Corp., up $19.47 … Read more

Stock market today: Wall Street drifts ahead of a decision on rates from the Federal Reserve

[ad_1] NEW YORK — Stocks drifted in morning trading on Wall Street Wednesday as markets wait for the Federal Reserve’s latest announcement on interest rate policy and guidance on the timing and size of potential rate cuts later this year. The S&P 500 was mostly unchanged and is coming off a record high. The Dow … Read more