MARKET CLOCK FRONT PAGE The iPhone maker announced Thursday that its board approved the stock split. The division will affect registered owners beginning August 24, and Apple AAPL shares, which closed at $ 384.76 on Thursday, will trade on a division-adjusted basis on August 31. See the full story. Silver: …
Read More »Nasdaq Composite kicks off latest trade in July on the upside as tech gains boost stocks, but concerns persist about coronavirus stimulus bill
US stocks opened higher on Friday morning on the last day of July after Apple and Amazon made strong gains and Alphabet and Facebook, Google’s parent, beat expectations. However, the lack of progress in Congress on another financial aid bill, the continued increase in coronavirus cases and the disappointing labor …
Read More »Stock futures rise after Big Tech offers windfall profits
Stock index futures were aiming for a higher start for Wall Street on the last day of July on Friday after Apple and Amazon made windfall profits and Facebook and Alphabet, Google’s parent, beat expectations. However, the lack of progress in Congress on another financial aid bill, the continued increase …
Read More »Consumer spending jumps 5.6% in June, but recovery already appears to be slowing
The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
Read More »Pinterest shares rise 25% after optimistic forecast, big blow to user growth
Pinterest Inc. PINS Shares, + 0.96% They rose 25% in pre-market trading on Friday after the photo platform easily exceeded expectations and gave an optimistic forecast for the third quarter. The company posted a net loss of $ 100.7 million, or 17 cents a share, compared to a loss of …
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