December 2019 - WallStreetReview

Wall Street edges higher; S&P closes decade with nearly 190% gain

December 31, 2019 WallStreetReview

NEW YORK (Reuters) – Wall Street’s major indexes edged higher on Tuesday on a renewed rally fueled by trade optimism, capping off a decade of handsome returns in which the benchmark S&P 500 rose nearly 190%. Traders work at the New York Stock Exchange (NYSE) in New York, U.S., December 31, 2019. REUTERS/Bryan R Smith Both the S&P 500 and... Read More

Exclusive: Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs

December 31, 2019 WallStreetReview

NEW YORK (Reuters) – Drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L) and Sanofi SA (SASY.PA) are planning to hike prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. FILE PHOTO: The logo of U.S. pharmaceutical corporation Pfizer Inc. is seen at a branch... Read More

U.S. stocks end firm to cap a banner year, decade

December 31, 2019 WallStreetReview

FILE PHOTO: Traders work on the floor at the opening bell of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2019. REUTERS/Bryan R Smith (Reuters) – Wall Street’s major indexes edged higher on Tuesday as a rally fueled by trade optimism recommenced, capping off a decade of handsome returns in which the benchmark S&P 500 rose... Read More

U.S. holiday returns surge with booming e-commerce

December 31, 2019 WallStreetReview

LOS ANGELES (Reuters) – United Parcel Service Inc (UPS.N) on Thursday expects to ship 1.9 million gifts and other items back to U.S. retailers as e-commerce fuels an anticipated 26% year-over-year volume surge on “National Returns Day.” FILE PHOTO: The company logo for United Parcel Service (UPS), is displayed on a screen at the New York Stock Exchange (NYSE) in... Read More

Oil posts biggest yearly rise since 2016

December 31, 2019 WallStreetReview

NEW YORK (Reuters) – Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers. FILE PHOTO: Grandpuits oil refinery southeast of Paris, France, February 29, 2016. REUTERS/Christian Hartmann Brent gained... Read More

Global stocks end 2019 near record highs, dollar slides

December 31, 2019 WallStreetReview

NEW YORK (Reuters) – The dollar slid to a six-month low on Tuesday as progress on U.S.-China trade tensions led investors to higher-risk assets, while a year-end rally that pushed global equity markets to record highs petered out on the last trading day of 2019. FILE PHOTO: Traders work on the floor at the closing bell of the New York... Read More

S&P 500 inches lower as year-end record rally cools off

December 31, 2019 WallStreetReview

NEW YORK (Reuters) – The S&P 500 dipped on Tuesday as investors took profits from a year-end rally powered by trade optimism and an improving global outlook, which put the benchmark index on track for its biggest annual percentage gain since 2013. FILE PHOTO: Traders work on the floor at the opening bell of the New York Stock Exchange (NYSE)... Read More

Dollar index records smallest ever annual move in 2019

December 31, 2019 WallStreetReview

NEW YORK (Reuters) – The U.S. dollar index recorded its smallest-ever annual move in 2019, up just 0.24% for the year after a drop in December reversed early gains as trade hopes and investor confidence diminished demand for the safe-haven asset. FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto,... Read More

Tesla must face lawsuit claiming racism at California factory

December 31, 2019 WallStreetReview

(Reuters) – A federal judge rejected Tesla Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial. FILE PHOTO: Tesla superchargers are shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. REUTERS/Mike Blake In a... Read More

Wall Street inches lower as year-end record rally cools off

December 31, 2019 WallStreetReview

(Reuters) – Wall Street dipped in thin trading on the last day of the decade as a year-end rally powered by optimism around trade and an improving global outlook fizzled out, though the S&P 500 was still on course for its best year since 2013. FILE PHOTO: Traders work on the floor at the opening bell of the New York... Read More