Sectors News Results

  • U.S. Retail Sales Rose 1.9% in September -- 2nd Update

    Retail sales increased in September for the fifth month in a row, as consumers prepared for further months of working and studying from home by spending strongly on vehicles, sporting goods and at home-improvement stores. "Consumers are playing catch-up" on spending, buying things that they didn't purchase in the spring, said Calvin Schnure, senior economist at Nareit, a trade group that represents real-estate investment trusts. Friday's report "shows that the consumer recovery...

  • Stocks Rise as Choppy Week on Wall Street Nears End

    U.S. stocks rose Friday as retail sales data beat expectations, putting major indexes on pace to end to a volatile week with modest gains. The S&P 500 added 0.4%, turning a corner after three days of declines. The Dow Jones Industrial Average advanced 0.7%, or about 190 points, and the tech-heavy Nasdaq Composite gained 0.5%.

  • U.S. Stocks Edge Up to End Choppy Week on Wall Street

    U.S. stocks ticked up Friday as retail sales data beat expectations, signaling potential mild gains to end to a volatile week on Wall Street. The S&P 500 edged up 0.4% after the broad stocks gauge fell for a third straight day Thursday. The benchmark is on track to eke out one of its most tepid one-week advances of this year.

  • Stock Futures Signal Muted End to Choppy Week on Wall Street

    U.S. stock futures wobbled Friday ahead of data on retail sales and industrial production, signaling a potentially muted end to a volatile week on Wall Street. Futures tied to the S&P 500 wavered between gains and losses after the broad stocks gauge fell for a third straight day Thursday. The benchmark is on track to eke out its most tepid one-week advance for this year.

  • Oil Recovery Expected to Falter Though Supply Glut Shrinks

    The world is burning through the oil supply glut that threatened to cripple the energy industry a few months ago, but spiraling coronavirus infection numbers are putting the recovery in jeopardy, the International Energy Agency said Wednesday. In its monthly oil market report, the IEA said global oil supply in September was 9% below the pre-pandemic average of 2019. The amount of oil in expensive offshore floating storage fell sharply below its level in May, at the nadir of the...

  • Pandemic Pets Push Industry Stocks to Pricey Valuations

    The pet business has been among the great beneficiaries of the new coronavirus. That success has made some stocks in the sector expensive. Among the sector's big winners this year are veterinary services firm Idexx Laboratories (IDXX), up about 61% this year, and drug company Zoetis Inc. (ZTS), which is 25% higher.

  • Tech Stocks Power Markets Higher

    U.S. stocks jumped sharply Monday, propelled higher by a surge in technology stocks that led major indexes to their highest closing values in nearly six weeks. All three major U.S. indexes climbed for the fourth consecutive session. The S&P 500 rose 57.09 points, or 1.6% to 3534.22-- its second-highest close in history.

  • Tech Stocks Power Markets Higher

    U.S. stocks jumped sharply Monday, propelled higher by a surge in technology stocks. The S&P 500 and the Dow Jones Industrial Average climbed for the fourth consecutive session in midafternoon trading. The S&P 500 rose 1.6%, while Dow rallied 0.9%.

  • Tech Stocks Power Markets Higher

    U.S. stocks jumped sharply Monday, propelled higher by a surge in technology stocks that put major indexes on track for their highest close in nearly six weeks. The S&P 500 and the Dow Jones Industrial Average climbed for the fourth consecutive session in midafternoon trading. The S&P 500, which rose 1.8% for the day, was on pace for its second-highest close in history.

  • Bank of England Questions Lenders on Readiness for Negative Rates -- Update

    LONDON-- The Bank of England asked British lenders to assess their readiness for subzero interest rates, a sign that officials are weighing the merits of a policy that bankers say would heap problems on a sector already weighed down by Covid-19 and Brexit. In a letter to bank chiefs, the BOE said it is seeking information on banks' "operational readiness and challenges with potential implementation, particularly in terms of technology capabilities." The letter said the query wasn't...

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.