Business

Need to Know: Outpeformance by Russell 2000 shows this market‘s breadth

Need to Know: Outpeformance by Russell 2000 shows this market‘s breadth

It’s Friday the 13th, but the bulls should be feeling a bit lucky, given the S&P 500 stands at a five-month high. Sure, today’s earnings from big banks could cast a hex on this market. Plus, we’ve got that U.S.-U.K. “special relationship” turning extra special. But our call of the day may embolden the bulls. It tackles a hot topic […]

Citigroup profit tops estimates as revenue lags – shares lower premarket

Citigroup profit tops estimates as revenue lags – shares lower premarket

Citigroup Inc. posted mixed results from trading Friday, with its markets and securities revenue falling 1% to $4.5 billion in the second quarter as strong growth in equity markets and securities services was more than offset by a decline in fixed income markets. The bank said fixed income revenue fell 6% to $3.1 billion, driven by "a more challenging market […]

CDC links outbreak of salmonella in 33 states to Kellogg‘s Honey Smacks cereal

CDC links outbreak of salmonella in 33 states to Kellogg‘s Honey Smacks cereal

The Centers for Disease Control and Prevention is recommending on Friday that people take Kellogg Co.‘s Honey Smacks cereal off the breakfast menu as it has been tied to a multistate outbreak of salmonella. Kellogg voluntarily recalled the cereal on June 14 "due to possible health risk" after it was ed by the CDC and the Food & Drug Administration […]

Cost of U.S. imported goods sink in June, but drop won’t last once tariffs start

Cost of U.S. imported goods sink in June, but drop won’t last once tariffs start

The cost of many imported goods are expected to rise in the coming months if trade tensions between the U.S. vs. China and other countries worsens. That could add to rising inflation at home. The numbers: The cost of import goods fell sharply in June to mark the biggest drop in about a year and a half, though the respite […]

U.S. stocks struggle for gains at market open following big-bank earnings

U.S. stocks struggle for gains at market open following big-bank earnings

U.S. stock-index benchmarks on Friday tipped slightly higher as second-quarter earnings unofficially kicked off with some of the nation‘s biggest banks, led by JPMorgan Chase & Co. Wells Fargo & Co. and Citigroup Inc. The Dow Jones Industrial Average rose 36 points, or 0.2%, at 24,962, the S&P 500 index edged slightly higher, up less than 0.1%, at 2,797, while […]

Consumer sentiment falls to 6-month low on tariff concerns

Consumer sentiment falls to 6-month low on tariff concerns

A customer shops in Los Angeles. The numbers: The University of Michigan consumer sentiment index fell in July to a reading of 97.1, below June’s level of 98.2 and the MarketWatch-compiled economist forecast for a reading of 98.9. That’s the lowest level since January. What happened: The biggest drop came in the index for current conditions, which fell to 113.9 […]

Dow retakes 25,000 level for first time in a month as stocks extend Friday gains

Dow retakes 25,000 level for first time in a month as stocks extend Friday gains

The Dow Jones Industrial Average late-morning Friday retouched a psychologically round-number level above 25,000 for the first time in about a month, as investors focused on corporate results and pushed some concerns about global trade disputes to the back burner. The Dow most recently, was up 85 points, or 0.4%, at 25,009, a modest gain but enough to propel it […]