US stocks coast toward finish of a record-setting week
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Intel stock falls after the chip maker reports a wider loss in the second quarter, while Centene rises even as it posts a surprise quarterly loss.
Here are five key things investors need to know to start the trading day:
Strong earnings and continued spending from Alphabet boosted the broad S&P 500 and tech-laden Nasdaq to fresh record highs.
While some Wall Street companies are clearly rallying thanks to President Donald Trump’s policies, the same can’t be said for Main Street, according to a chart from BofA Global Research strategists, led by Michael Hartnett.
A solid earnings season shows Corporate America’s profit engine is humming along, potentially easing worries that the record-setting rally in US stocks is starting to overheat.With about a third of S&P 500 Index members reporting by Thursday’s close,
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Canada's main stock index edged higher on Friday, led by technology shares, even as U.S. President Donald Trump suggested the United States may not reach a negotiated trade deal with Canada.
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Kohl's has faced tepid sales growth as it struggles to attract budget-conscious shoppers still hurting from elevated inflation. In May the retail chain, which has roughly 1,100 stores around the U.S., reported a fiscal first-quarter loss of $15 million and that net sales fell more than 4% from the year-ago period.
Global shares have rallied, with Tokyo's benchmark Nikkei 225 index finishing 3.5% higher after Japan and the U.S. announced a deal on President Donald Trump's tariffs.
UK stocks are poised to open a touch lower, potentially snapping a six-day winning streak as global investor appetite for risk wanes on lower expectations for easing from the US Federal Reserve. The pound has extended yesterday’s drop and is now trading below $1.
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