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| December 14, 2017

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Stocks jump, helped by strong Wal-Mart and Cisco earnings

November 17, 2017 |

U.S. stocks closed sharply higher Thursday, snapping a two-day losing streak.

Investors cheered strong quarterly earnings from Wal-Mart Stores, Cisco Systems and other companies. Technology stocks accounted for much of the market’s gains, which helped lift the Nasdaq composite index to its first…


L.A. Times – Business

Amazon delivers unexpected earnings behind new devices and services

October 27, 2017 |

Shares of Amazon soared Thursday after the online retailer posted earnings that far surpassed Wall Street expectations.

The company is rapidly growing. It paid nearly $ 14 billion this summer for organic grocer Whole Foods, announced a series of new voice-activated Echo devices, and kicked off a…


L.A. Times – Business

Weak earnings and rising bond yields send U.S. stocks down

October 26, 2017 |

Rising bond yields and a string of weak company reports and forecasts pushed stocks lower Wednesday as major indexes retreated from their recent record highs. Industrial and technology companies and banks fared the worst.

Companies including telecom giant AT&T, aerospace company Boeing, chipmaker…


L.A. Times – Business

Daimler Earnings Hit as Diesel Scandal Lingers

October 21, 2017 |

Daimler reported a sharp fall in quarterly profit, as its flagship premium car brand Mercedes-Benz was hammered by airbag-related recalls and the cost of fixing emissions controls on diesel vehicles.
WSJ.com: US Business

Stocks eke out gain after retailers post stronger-than-expected earnings

August 17, 2017 |

U.S. stocks rose slightly Wednesday as Urban Outfitters and Target helped retailers rally. That was enough to overcome losses by energy companies and market turbulence stirred up by the controversy over President Trump’s manufacturing council.

Urban Outfitters and Target did better in the second…


L.A. Times – Business

Solid earnings drive stock indexes higher

August 1, 2017 |

More solid earnings reports from U.S. companies are sending stocks higher in early trading on Wall Street.

Banks, technology companies and retailers were among the early winners Tuesday. Bank of America gained 1%.

Royal Caribbean Cruises jumped 5% after reporting solid earnings. Archer-Daniels-Midland…


L.A. Times – Business

Stocks sag after companies release disappointing earnings reports

July 29, 2017 |

Stock markets around the world sagged Friday after Amazon and other big companies reported quarterly results that underwhelmed investors.

The Standard & Poor’s 500 index slipped 3.32 points, or 0.1%, to 2,472.10, finishing a week packed with corporate earnings reports almost exactly where it started….


L.A. Times – Business

Stocks open higher, buoyed by earnings reports

July 26, 2017 |

Stocks are opening higher on Wall Street as several big companies including Boeing and AT&T report solid results.

Boeing jumped 5.7% in early trading Wednesday and AT&T rose 4.2%. AT&T said it expects its acquisition of Time Warner to close by the end of the year.

U.S. Steel soared 9.8% after reporting…


L.A. Times – Business

Stocks open lower after some disappointing earnings reports

May 10, 2017 |

Stocks are off to a weak start on Wall Street after several big U.S. companies reported disappointing first-quarter results.

Disney was down 3% in early trading Wednesday after its revenue fell short of forecasts. Priceline slumped 4.8% after its revenue also missed estimates.

Chipmaker Nvidia…


L.A. Times – Business

Exxon Profit Earnings Point to Industry Recovery

April 29, 2017 |

The world’s biggest oil companies are seeing their highest profits in more than a year, an early signal that they may be turning a corner on their long path to recovery.
WSJ.com: US Business