American Airlines Group posted higher-than-expected results in its latest quarter but its stock price took a hit after its forecast for the current quarter was under Wall Street expectations.
U.S. main stock indexes were set for a subdued start on Thursday, as investors paused after Wall Street's strong performance in the previous session and focused on corporate earnings, economic data and President Donald Trump's remarks - all lined up through the day.
Wall Street’s so-called fear gauge was down Tuesday, as the U.S. stock market staged a broad rally in its first day of trading under the new White House administration. The Cboe Volatility Index was falling around 4.
Wall Street's main indexes rose on Tuesday, with the S&P 500 and the Dow closing at their highest levels in more than a month as investors assessed Donald Trump's first actions as U.S. president and were encouraged that he did not start his second term with blanket tariff increases.
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Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
The S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.
Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier and beating analysts’ estimates of $6 billion. The second-largest U.S. lender by assets posted per-share earnings of 82 cents,
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Important earnings season ahead as investors look for positive signs that the US economy can continue to be resilient in 2025
Pure-play space stocks flew higher on Tuesday, in a rally described as exuberance about the sector after President Donald Trump’s inauguration.
Wall Street has been seesawing for weeks as traders tear up their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.