(Reuters) -Wall Street’s main indexes fell on Friday following a glum quarterly earnings report from Amazon.com, while data showing a strong rise in June consumer spending reinforced optimism about a steady economic rebound.FILE PHOTO: A Wall Street sign is pictured…
Read MoreWall St rises as earnings lift outlook
NEW YORK (Reuters) – U.S. stocks ended higher on Thursday, boosted by robust U.S. earnings and forecasts, while data showed the U.S. economy was above its pre-pandemic level. The U.S. economy grew solidly in the second quarter, putting the level…
Read MoreLatest shift to tech leaves Cathie Wood's ARKK in the cold
NEW YORK (Reuters) – A rebound in growth stocks over the last month is doing little to bolster the performance of Cathie Wood’s ARK Innovation ETF, which has lagged this year after outperforming all other U.S. equity funds in 2020.FILE…
Read MoreU.S. goods trade deficit widens; inventories rise
WASHINGTON (Reuters) – The U.S. trade deficit in goods increased in June as imports continued to rise amid strong economic activity, suggesting trade likely remained a drag on growth in the second quarter.Shipping containers sit at the ports of Los…
Read MoreGoogle lifts Nasdaq as focus turns to Fed
(Reuters) – The technology-heavy Nasdaq rose on Wednesday on strong earnings from Google-parent Alphabet, as investors turned to the Federal Reserve to gauge the impact of rising inflation and the Delta variant on its monetary stimulus.FILE PHOTO: A Wall Street…
Read MoreU.S. home prices rose in May at fastest pace in 16 years – S&P/Case-Shiller
FILE PHOTO: A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey/File Photo(Reuters) – U.S. single-family home prices in 20 key urban markets rose in May…
Read MoreUSA Gym: Simone Biles out of team finals with medical issue
By WILL GRAVES TOKYO (AP) — Simone Biles came to Tokyo as the star of the U.S. Olympic movement and perhaps the games themselves. It all came to a stunning halt in the women’s gymnastics final on Tuesday night. A…
Read MoreTrump-backed candidate on ballot in U.S. House runoff in Texas
WASHINGTON (Reuters) – Voters in Texas will provide another measure of former U.S. President Donald Trump’s influence over Republicans when they choose whether to replace a congressman who died of COVID-19 with his Trump-backed widow or a former fighter pilot….
Read MoreU.S. new home sales hit 14-month low amid supply constraints
WASHINGTON (Reuters) – Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were…
Read MoreU.S. trade agency drops tariff threat against Vietnam over currency practices
WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Friday said it had determined that no tariff action against Vietnam was warranted after its central bank agreed with the U.S. Treasury not to manipulate its currency for an export advantage.FILE…
Read More