• Shaky results from Wells Fargo and other banks hit US stocks

    2 monthes ago - By Chron

    NEW YORK - U.S. stock indexes are slightly lower Friday morning as investors aren't finding much to get excited about in second-quarter reports from big banks like JPMorgan and Wells Fargo. AT&T stock is falling after the Department of Justice asked a court to overturn its purchase of Time Warner. Industrial companies and retailers are higher, and stocks are still on track for their second consecutive week of solid gains following a modest losing streak.
    KEEPING SCORE: The S&P 500 index fell 4 points, or 0.1 percent, to 2,794 as of 10 a.m. Eastern time. The Dow Jones Industrial Average...
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  • Markets Right Now: US stocks open slightly higher

    2 monthes ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening slightly higher on Wall Street as the market heads for a second straight week of healthy gains.
    Industrial and energy companies rose more than the rest of the market Friday. Boeing climbed 1.1 percent and Devon Energy rose 1 percent.
    It was the first big day of company earnings reports. Wells Fargo, which has been plagued by investigations into its business practices, lost 3 percent after reporting a drop in earnings.
    The S&P 500 index rose half a point to 2,798.
    The Dow Jones Industrial Average edged...
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