August is typically a rough month for stocks and could be again
Uncertainty looms after the Fed's rate cut, but traders haven't lost optimism.
Uncertainty looms after the Fed's rate cut, but traders haven't lost optimism.
Kellogg Co beat Wall Street expectations for quarterly sales and profit on Thursday, driven by higher demand for its snacks, including Pringles and Pop-Tarts, in North America, sending its shares up about 4% before the bell.
Here are the biggest calls on Wall Street on Thursday
Fannie Mae's net income fell in the second quarter from a year-ago due to losses on its derivatives, while it is expected to pay $3.4 billion in dividends to the U.S. Treasury, the No. 1 U.S. mortgage financing agency said on Thursday.
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Intercontinental Exchange Inc , which owns the New York Stock Exchange, on Thursday beat analysts' estimates for quarterly profit, helped by growth across its transaction and clearing business and data services unit.
The markets could be in for a bumpy ride. If you have a set-it-and-forget-it approach to your portfolio, you may want to reevaluate your positions.
U.S. stock futures bounced on Thursday, a day after the S&P 500 and Dow saw their worst day since May, as focus shifted from the Federal Reserve's cautious stance on further interest rate cuts to corporate earnings, which have been robust.
Bombardier Inc on Thursday lowered its full-year core earnings and free cash flow forecasts, and reported a quarterly loss, as the Canadian plane and train maker wrestles with challenges in its important rail division.
Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion.
The Federal Reserve delivered their first rate cut since 2008 but Wall Street economists disagree about what happens next.
Goldman Sachs estimates an 80% probability of another rate cut this year to wrap up the Fed's easing cycle.
The number of Americans filing applications for unemployment benefits increased last week, but the trend in claims remained consistent with tightening labor market conditions.
Yum Brands Inc beat analysts' expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at all its restaurant chains, including Pizza Hut, sending its shares up 4%.
General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast.