Wednesday , 17 December 2025

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US stocks rise amid earnings

Bloomberg US stocks rose amid better-than-expected earnings from several industry heavyweights, adding to evidence that the strengthening economy is lifting corporate profits. The S&P 500 Index pushed through its average price for the past 50 days, a level it hasn’t breached in a month. Netflix Inc. surged after subscriber growth topped estimates. Johnson & Johnson and UnitedHealth Group Inc. climbed …

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Saudi stocks continue to rise, telcos boost Egypt

Reuters Saudi Arabia’s stock market continued a strong uptrend on Tuesday on the back of petrochemical and banking stocks, while rising telecoms shares boosted Egypt. The Saudi index closed 0.6 percent up at 8,096 points, having finished above 8,000 points on April 16 for the first time since August 2015. Petrochemicals giant Saudi Basic Industries rose 1.9 percent before going …

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Oil steadies as output deal extension stokes optimism

Bloomberg Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a drop in US stockpiles. Futures in New York were little changed after losing 1.7 percent. Kuwait said the Organization of Petroleum Exporting Countries and allied producers will discuss prolonging an agreement to curb oil output …

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