Wall Street, stocks
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US stocks jumped Monday in a broad rebound, bouncing back from Friday's rout after President Trump played down the escalating US trade standoff with China and said it "will all be fine!" Stocks recouped some of Friday's hefty losses after Trump dialed back his Friday threat to impose an additional 100% tariff on Chinese goods from Nov.
Follow all the latest U.S. market action for Wednesday here as stocks look to recover their poise after some trade-talk volatility and earnings season continues apace.
There are three times more trades on Wall Street than just four years ago, the head of the stock exchange, Lynn Martin, told Fortune.
Stock index futures were higher on Wednesday, a day after stocks witnessed a volatile session driven by U.S.-China trade developments. Investors are now looking forward to more bank earnings.
Tech stocks helped lead the way following an encouraging profit report from ASML, which is a major supplier to the semiconductor industry.
Bank of America, Morgan Stanley join Wall Street peers in reporting upbeat results
Wall Street rebounds as Treasury warns of China tensions; banks report strong earnings amid trade uncertainties.
U.S. colleges and universities would, collectively, be $468 billion richer today if they had fired their investment managers 20 years ago and instead invested their endowments in low-cost index funds.
Andrew Ross Sorkin, a journalist at the New York Times, chronicled the turmoil of 2008 in “Too Big to Fail”, which was published in 2009 and adapted into a film in 2011. Now, with “1929”, he has turned his attention to the seminal stockmarket and banking crash of modern history, to which all others are inevitably compared.
US stock futures rose on Wednesday amid hopes for interest-rate cuts, with more Wall Street banks posting strong results in a promising start to earnings season. A solid start to earnings season is buoying market spirits in the face of US-China trade friction and a US government shutdown with no end in sight.