With market at record highs, eyes on reports from chipmakers

With market at record highs, eyes on reports from chipmakers
NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. FILE PHOTO: A street sign for Wall Street is seen outside the New York... Read More

U.S. housing starts at 13-year high, factory output gains

U.S. housing starts at 13-year high, factory output gains
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018.... Read More

Wall St at record levels after strong U.S., China data

Wall St at record levels after strong U.S., China data
(Reuters) – U.S. stock indexes nudged higher to fresh record levels on Friday after strong housing data and indications of resilience in the Chinese economy raised hopes of a rebound in global growth. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020. REUTERS/Brendan McDermid Investor sentiment has brightened... Read More

China data boosts Wall Street futures to new record highs

China data boosts Wall Street futures to new record highs
(Reuters) – U.S. stock index futures hit new all-time highs on Friday, with investor optimism bolstered by an upbeat set of U.S. corporate earnings reports and indications of resilience in the Chinese economy. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020. REUTERS/Brendan McDermid Spurring inflows in global... Read More

China’s 2019 birth rate slowest in 70 years: stats bureau

China’s 2019 birth rate slowest in 70 years: stats bureau
FILE PHOTO – A boy holds an umbrella on Tiananmen Square, in Beijing, China August 27, 2019. REUTERS/Jason Lee BEIJING (Reuters) – China’s birth rate fell to its lowest last year since the founding of the People’s Republic of China 70 years ago, posing a long-term challenge for its government. The country’s birth rate stood at 10.48 per thousand, the... Read More

Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO

Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO
SAN FRANCISCO (Reuters) – Eli Lilly and Co (LLY.N) aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products. FILE PHOTO: Josh Smiley, senior vice president and chief financial officer for Eli Lilly and Company, speaks... Read More

S&P 500 blasts through 3,300 as tech stocks surge

S&P 500 blasts through 3,300 as tech stocks surge
(Reuters) – The S&P 500 rallied through the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by tech stocks, solid retail sales data and upbeat quarterly earnings from Morgan Stanley. Morgan Stanley (MS.N) jumped 6.6% to lead the S&P 500 after it beat quarterly profit estimates and raised... Read More

S&P 500 cracks 3,300 on strong bank earnings and retail data

S&P 500 cracks 3,300 on strong bank earnings and retail data
(Reuters) – The S&P 500 hit the 3,300 mark for the first time on Thursday and the other main U.S. indexes also broke record highs, fueled by solid retail sales data and upbeat Morgan Stanley earnings. Morgan Stanley (MS.N) jumped 7.5% to lead the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out several... Read More

S&P 500 breaches 3,300 mark on strong Morgan Stanley earnings, retail data

S&P 500 breaches 3,300 mark on strong Morgan Stanley earnings, retail data
(Reuters) – The S&P 500 crossed the 3,300 mark for the first time and the other main indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings added to optimism from the signing of an initial U.S.-China trade deal. The Wall Street bank (MS.N) jumped 8% to the top of the S&P 500 after... Read More