*STOCKS SOAR ON TURNAROUND TUESDAY AS DOW SCORES BEST DAY IN MORE THAN 3 WEEKS -
Investors are listening carefully to what companies say about how they are grappling with higher costs and ongoing supply challenges and how consumer behavior is shifting after persistently high inflation. So far, more than half of the companies that have reported have beaten expectations.
Stocks were rallying on Monday until a report about Apple Inc slowing hiring and spending next year because of economic uncertainty threw a damper on investor enthusiasm. But the S&P is climbing back above a technical level – 3900 – that could be the threshold for further gains, analysts said. By early afternoon Tuesday, the S&P had reached 3928.
in June fell to their lowest since September after sliding in May as demand eases off from a pandemic boom. Rising mortgage rates and record-high prices for homes have pushed many would-be buyers to the sidelines for now.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Futures Are Flat After Dow Reverses Course to Start a Busy Earnings WeekInvestors are watching quarterly earnings for clues on how companies are handling the economy.
Read more »
Stock Futures Edge Higher Following Dow Rally, Better-Than-Expected Netflix EarningsStocks edged higher in after-hours trading Tuesday following a rally during the regular session.
Read more »
Why the analyst who called summer stock-market bounce now sees more S&P 500 upsideStifel's Barry Bannister is standing by his call for a summer rally in the middle of a secular bear market.
Read more »
Asian Stock Market: Trades mix as China dives ahead of PBOC, DXY slips, oil aims $100.00Markets in the Asian domain are displaying mixed auctions as Chinese indices have tumbled. Rising cases of Covid-19 in China have spurted the odds of
Read more »
Dow rallies more than 700 points in rebound as traders bet that the bottom is inStocks rallied Tuesday, with the market resuming a bounce from last month’s lows, as traders bet on strong corporate earnings, and wagered that markets found a bottom. The Dow jumped 754.44 points. The S&P 500 gained 2.76%. The Nasdaq popped 3.11%.
Read more »
Dow ends around 750 points higher as equities extend bounceStocks rose sharply Tuesday in a broad rally, gaining ground as investors focused on earnings and guidance as equities extended a bounce from their June lows. The Dow rose around 754 points, or 2.4%, to close near 31,827, according to preliminary figures.
Read more »