Equity News Results

  • Global Stocks Drop After Apple's Sales Warning

    Global stocks slipped after Apple warned that its revenue may be lower than forecast due to the coronavirus outbreak in China in one of the most significant indications yet of the impact on multinational businesses. Futures tied to the Dow Jones Industrial Average dropped 0.6%, while contracts linked to the tech-heavy Nasdaq Composite retreated 0.9%. Markets in the U.S. will reopen after Presidents Day holiday.

  • GLOBAL MARKETS-Stocks fall after Apple warns on coronavirus impact

    * Apple (AAPL) says will not meet revenue target for Jan-March. * S&P500 futures down 0.3%, mainland China shares lose 0.2% * Australian dollar falls; gold, U.S. bonds gain. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Hideyuki Sano.

  • GLOBAL MARKETS-U.S. stock futures retreat, Asia dips after Apple warns on virus impact

    * Asian stock markets: https://tmsnrt.rs/2zpUAr4. U.S. stock futures slipped from record levels on Tuesday after Apple Inc (AAPL) said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China.

  • Pier 1 files for Chapter 11 bankruptcy, seeks buyer

    Retailer Pier 1 has filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal. The filing reportedly was made Monday, with U.S. stock markets closed for Presidents Day, in federal bankruptcy court in Richmond, Va. The Fort Worth, Texas-based home-d├ęcor chain had said a month ago that it was shuttering half its stores but might be unable to stave off bankruptcy.

  • Away from S&P 500 and other top indexes, markets are behaving as if it's late in the cycle: Morgan Stanley strategist

    You would have a hard time convincing someone looking at the major U.S. stock-market benchmarks that they're giving the appearance of being at the end of the cycle. The S&P 500, for instance, has registered 12 record-high closes this year, climbed in 15 out of the last 19 weeks, and is up 23% from its 52- week low. Yet Andrew Sheets, chief cross-asset strategist at Morgan Stanley, says there are late-cycle indicators in current markets.

  • GLOBAL MARKETS-Chinese support measures buoy world stocks

    * European shares, DAX hit record highs. * Asian shares rise, Japanese stocks skid. * Beijing pledges tax, fee cuts. By Ritvik Carvalho. Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors. Trading was light, with U.S. stocks and bond markets shut for a public holiday.

  • Here's which markets are open, and closed, this Presidents Day

    Presidents Day initially honored George Washington on his birthday. U.S. financial markets are closed on Monday, Feb. 17, in observance of Presidents Day. The New York Stock Exchange and Nasdaq are shut down, and the Securities Industry and Financial Markets Association, or Sifma, is recommending no trading in dollar-denominated debt, which includes money markets and U.S.

  • GLOBAL MARKETS-World shares inch up on Chinese support measures

    * European shares, DAX hit record highs. * Beijing pledges tax, fee cuts. * Euro zone bond yields edge up. By Ritvik Carvalho. Global shares inched higher on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors. Trading is expected to be light, with U.S. stocks and bond markets shut for a public holiday.

  • GLOBAL MARKETS-Global shares edge higher on Chinese support measures

    * European shares, DAX hit record highs. * Beijing pledges tax, fee cuts. * Euro zone bond yields edge up. By Ritvik Carvalho. Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors. Trading is expected to be light, with U.S. stocks and bond markets shut for a public holiday.

  • PRECIOUS-Gold holds near 2-week high on uncertainty over virus impact

    * Asian shares move back towards three-week high. * Dollar holds near four-month high. * Virus death toll in China up by 105 as of Sunday. * Specs raise bullish positions in gold in week to Feb. 11. By K. Sathya Narayanan. Gold prices on Monday held near a two-week high scaled in the previous session as uncertainty prevailed over the impact of the coronavirus outbreak on the global economy.

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