U.S. stocks end higher, tech-heavy Nasdaq scores fourth straight week of gains as Fed meeting looms

U.S. stocks end higher, tech-heavy Nasdaq scores fourth straight week of gains as Fed meeting looms

U.S. stocks finished higher Friday, with the technology-heavy Nasdaq Composite leading the way up, as investors assessed fresh data on inflation and the economy as well as companies’ fourth-quarter earnings reports. The Nasdaq booked a fourth straight week of gains, its longest weekly win streak since August. How stock indexes traded The Dow Jones Industrial…

American Express stock enjoys best day since 2020 after earnings show strong spending in holiday quarter

American Express stock enjoys best day since 2020 after earnings show strong spending in holiday quarter

American Express Co. exceeded $50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of profit expectations for the fourth quarter, it delivered an upbeat earnings outlook for the full year ahead. American Express AXP, +10.54% also…

U.S. stocks rally on report Fed may shift to smaller rate hikes after November

U.S. stocks rally on report Fed may shift to smaller rate hikes after November

U.S. stocks traded higher on Friday in choppy trade as investors reacted to a story from the Wall Street Journal suggesting that the Federal Reserve might shift to smaller interest-rate rises after its November meeting, while also weighing some poor earnings results. Investors were also bracing for more intraday volatility in stocks as more than…

5 trends you need to follow this earnings season to make sure your investments are on track

5 trends you need to follow this earnings season to make sure your investments are on track

The third-quarter earning season kicks off this week with the first reports from big banks and investors can expect many of the same themes and talking points seen earlier this year. Inflation, supply-chain snags, the strong dollar and consumer spending are all expected to feature prominently in releases and on conference calls with analysts, along…

S&P 500 tumbles 1.4% as stocks retreat ahead of next week’s earnings blitz by tech giants

S&P 500 tumbles 1.4% as stocks retreat ahead of next week’s earnings blitz by tech giants

U.S. stocks retreat Friday following their biggest rally in a month, after Snap Inc. SNAP, -38.93% delivered disappointing earnings ahead of next week’s deluge of quarterly results from technology giants. Earnings have been a major focus among investors concerned about a slowing U.S. economy, with the Federal Reserve next week likely to fire off another…

Amex shrugs off macro fears with huge earnings beat powered by strong spending

Amex shrugs off macro fears with huge earnings beat powered by strong spending

Shrugging off concerns about consumer spending habits in shaky economic times, American Express Co. posted a massive revenue beat Friday and boosted its outlook for the full year. The company logged second-quarter net income of $1.96 billion, or $2.57 a share, down from $2.28 billion, or $2.80 a share, in the year-earlier period. Analysts tracked…