Stocks

Bloomberg Shares of US banks and industrial conglomerates rallied and the dollar strengthened after progress on the Republican tax-overhaul plan spurred bets on higher corporate earnings, while technology shares slumped. Gains in the Dow Jones Industrial Average and S&P 500 were led by companies that stand to be big winners from the tax overhaul. An index of the biggest tech …

Bloomberg US stocks and the dollar rose while Treasury yields edged lower, as investors eyed the ongoing tax reform debate and the confirmation hearing for Federal Reserve chair nominee Jerome Powell. The S&P 500 Index rebounded to a record after starting the week lower, following gains by stocks in Europe driven by energy firms. In Asia, shares in Hong Kong …

Bloomberg US equities plunged at the start of a busy week as declining oil prices pulled down energy stocks. Crude slipped from a two-year high after US drillers expanded operations while OPEC and Russia prepare to discuss longer supply curbs. The S&P 500 Index erased early gains as companies including Hess and Marathon Oil dropped. Financial and technology shares also …

Bloomberg Traders are about to find out just how worried Federal Reserve officials are about the outlook for inflation. The depth of that angst has ramifications for the US bond market’s dominant trend: the flattening yield curve. Fed Chair Janet Yellen and the nominee to succeed her, Jerome Powell, lead a busy lineup of central bankers speaking this week. They …

Bloomberg Jeff Bezos is the world’s newest $100 billion mogul. The Amazon.com Inc. founder’s fortune is up $2.4 billion to $100.3 billion, as the online retailer’s shares jumped more than 2 percent on optimism for Black Friday sales. Online purchases for the day are up 18.4 percent over last year, according to data from Adobe Analytics, and investors are betting …

Bloomberg Holders of Egyptian stocks seem to have developed thick skin. The benchmark index rose 0.8 percent in Cairo on Sunday even after more than 300 people were killed in a militant attack in northern Sinai on Friday. “No one is in shock as investors have, unfortunately, become immune to such events,” said Ashraf Akhnoukh, the director of Middle East …

Bloomberg US stocks fluctuated near all-time highs in light action before the Thanksgiving holiday as traders await the FOMC minutes for clues on the monetary policy. The S&P 500 Index was little changed—after breaching 2,600 for the first time—as US economic data gave mixed signals. Business equipment orders fell for the first time since June, while jobless claims declined the …

Bloomberg US stocks hit a new high, while the Canadian dollar and Mexican peso scored gains after a report of progress in negotiations over the North American Free Trade Agreement (NAFTA). The S&P 500 Index approached the 2,600 mark, reaching its highest level on record. While the Thanksgiving holiday gives traders an excuse to pause, equities are heading into the …

Bloomberg The dollar gained and US stocks rose after two down weeks as Congress takes a holiday break from tax talks and the closely watched Alabama senate election nears. The Standard & Poor’s 500 Index opened slightly higher at the start of a truncated Thanksgiving week as investors gauge whether there are sufficient drivers to continue the march to historic …

Reuters Middle Eastern stock markets generally fell on Sunday, weighed down by geopolitics, while Dana Gas shares sank in Abu Dhabi because of a British High Court ruling on its Islamic bonds. In the last few weeks, geopolitics has become a significant factor for regional markets amid concern about instability in Lebanon and the possibility of strong Saudi action against …