S&P 500, Dow near record highs on solid forecasts from healthcare firms

(Reuters) -The S&P 500 and the Dow inched closer to record highs on Wednesday after strong forecasts from healthcare companies Anthem and Abbott, while the Nasdaq lagged as technology stocks took a breather.Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October

Tech lifts S&P 500, Nasdaq amid inflation, China growth worries

(Reuters) -U.S. stocks rose on Monday on gains in heavyweight technology companies, although sentiment remained fragile due to slowing economic growth in China and concerns of elevated inflation due to a relentless surge in oil prices.FILE PHOTO: Traders work on the main trading floor of the New York Stock Exchange

Wall St Week Ahead: Energy price spike adds market risk as earnings arrive

NEW YORK (Reuters) – U.S. stock market investors are gauging whether more volatility is ahead because of surging global energy prices, which could drive up inflation, erode profit margins and pressure consumer spending.FILE PHOTO: A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE)

Auto output dives in Brazil, Mexico as chip shortages bite

MEXICO CITY/SAO PAULO (Reuters) -Automotive production in Brazil and Mexico, Latin America’s two largest economies, plummeted in September, dragged down by an industry-wide semiconductor chip shortage and railroad blockades in Mexico, data showed on Wednesday.FILE PHOTO: Cars are seen in a traffic jam during morning rush hour in a period

Bruised market eyes Treasury yields to gauge stocks' path

NEW YORK (Reuters) – Investors are focusing on Treasury yields as a key factor in determining how stocks will fare the rest of the year, after a month in which equities notched their steepest losses since the coronavirus pandemic began.FILE PHOTO: The front facade of the New York Stock Exchange

Wall Street pivots to value as Treasury yields rise

NEW YORK (Reuters) – Wall Street began the last week of September and the quarter with investors backing value over growth on Monday as tech shares, hurt by rising Treasury yields, weighed on the broader market.FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange

Wall St near even, dragged by Nike 6% drop after warning

NEW YORK (Reuters) – The Dow and S&P 500 were little changed in Friday afternoon trading following a two-day rally, with a downbeat sales forecast from Nike offsetting gains in financial and energy shares.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York,

Fed's Powell: Don't assume Fed can thwart default fallout

(Reuters) – The Federal Reserve may not be able to shield the economy and financial markets from the effects of a U.S. debt default, the central bank’s chief said on Wednesday as he urged Congress to raise the country’s debt limit to avoid that catastrophic risk.FILE PHOTO: Federal Reserve Chair

U.S. stocks close lower on worries over recovery, corporate tax hikes

NEW YORK (Reuters) – Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE)

S&P 500 ends down, Big Tech lifts Nasdaq to record

(Reuters) – The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.FILE PHOTO: The floor of the the New York Stock Exchange (NYSE) is seen after