SPCRET

S&P 500, Nasdaq fall as megacaps slide after producer prices data

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S&P 500, Nasdaq fall as megacaps slide after producer prices data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. REUTERS/Brendan McDermid//File Photo News Corp up as quarterly profit tops estimates US-listed China stocks fall as stimulus measures disappoint US consumer sentiment dips in August July annual PPI 0.8% vs estimates of 0.7% Indexes mixed … Read more

Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

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Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Aug 3 (Reuters) – Apple (AAPL.O) on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal … Read more

Wall Street closes near flat as Treasury yields surge

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Wall Street closes near flat as Treasury yields surge

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Amazon surges in extended trade after results Gloomy Spirit, Expedia results drag travel stocks lower PayPal drops after weak Q2 margins Qualcomm tumbles on signaling more pain from smartphone slump Aug 3 (Reuters) – U.S. … Read more

Wall Street ends down, investors step back after Fitch US rating cut

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Wall Street ends down, investors step back after Fitch US rating cut

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo Fitch cuts US credit rating to AA+ Wells Fargo slides on plan to help refill FDIC coffers U.S. private payrolls beat expectations in July, ADP says Indexes down: Dow 0.98%, S&P 1.38%, … Read more

US trucking company Yellow shuts down operations, Wall Street Journal reports

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US trucking company Yellow shuts down operations, Wall Street Journal reports

July 30 (Reuters) – The Teamsters said on Sunday that the union was served a notice that Yellow Corp (YELL.O) is ceasing operations and filing for bankruptcy. “Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,” … Read more