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 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 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…
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…
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…
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…