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S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture

S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture

Caterpillar, McDonald’s gain on earnings beats US economic growth rebounds in Q3 Meta plunges on weak forecast Amazon slumps after the bell following a weak report Dow up 0.61%, Nasdaq down 1.63%, S&P down 0.61% NEW YORK, Oct 27 (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with …

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Equities close lower as rise in yields overshadows earnings

Equities close lower as rise in yields overshadows earnings

US 10-year Treasury yield hits highest since July 2008 Netflix jumps after reversing customer losses Procter & Gamble, Travelers post upbeat earnings PHLX Housing Index falls on weak US housing data Dow down 0.33%, S&P 500 down 0.67%, Nasdaq down 0.85% NEW YORK, Oct 19 (Reuters) – US stocks snapped a two-day streak of gains …

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Goldman plans major overhaul to combine key units - source

Goldman plans major overhaul to combine key units – source

Oct 16 (Reuters) – Goldman Sachs (GS.N) is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and trading businesses being merged into a single unit, a source familiar with the matter told Reuters. The plans, which are expected to be announced on Oct. 18 in conjunction …

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Wall Street banks' profits slide as economic clouds loom, some beat forecasts

Wall Street banks’ profits slide as economic clouds loom, some beat forecasts

Oct 14 (Reuters) – Profits slid at Wall Street’s biggest banks in the third quarter as they braced for a weaker economy while investment banking was hit hard, but investors saw a silver lining with some banks beating estimates. JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N), Citigroup Inc (CN) and Wells Fargo & Co’s …

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Wall St drops as consumer data stokes inflation worries

Wall St drops as consumer data stokes inflation worries

JPM reports higher-than-expected Q3 profit S&P 500, Nasdaq post weekly declines US consumer sentiment edges up October; inflation ests. worse Dow down 1.34%, S&P 500 down 2.37%, Nasdaq down 3.08% NEW YORK, Oct 14 (Reuters) – US stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve’s aggressive rate hike …

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US grocer Kroger carts away Albertsons for $25 a month but faces antitrust test

US grocer Kroger carts away Albertsons for $25 a month but faces antitrust test

Oct 14 (Reuters) – Kroger Co ( KR.N ) snapped up Albertsons Cos Inc ( ACI.N ) in a $25 billion deal on Friday, creating a US grocery behemoth to better compete with leader Walmart Inc ( WMT.N ) on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and …

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BlackRock assets fall below $8, profit beats on strong ETF demand

BlackRock assets fall below $8, profit beats on strong ETF demand

Oct 13 (Reuters) – BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations. The threat of a recession, surging interest rates and the …

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