US stocks bounce on strong data, earnings | Malay Mail

US stocks bounce on strong data, earnings | Malay Mail

Us Stocks

27/1/2022 11:12:00 PM

US stocks bounce on strong data, earnings | Malay Mail

NEW YORK, Jan 27 — Wall Street stocks rose early today as good US economic data and solid earnings offset lingering unease over the pivot in Federal Reserve monetary policy. The US economy grew at a better-than-expected 6.9 per cent in the fourth quarter, according to government data, concluding...

channel for the latest updates.NEW YORK, Jan 27 — Wall Street stocks rose early today as good US economic data and solid earnings offset lingering unease over the pivot in Federal Reserve monetary policy.The US economy grew at a better-than-expected 6.9 per cent in the fourth quarter, according to government data, concluding the strongest year for GDP expansion since 1984.

Analysts have also been broadly pleased with the deluge of corporate earnings this week, with several leading companies scoring higher profits despite ongoing pressures connected to Covid-19.Apple, which is slated to report results after the closing bell, jumped more than two per cent in early trading.

Read more: Malay Mail »

Russia, Ukraine agree to keep ceasefire, new talks next month | Malay MailPARIS, Jan 27 — Moscow and Kyiv on Wednesday agreed at talks in Paris that all parties should observe a ceasefire in the east of Ukraine after more than eight hours of discussions which were hailed by a French diplomat as sending a “good signal”.  A Russian troop build-up close to the...

Russia keeps door open after US rejects key security demands | Malay MailMOSCOW, Jan 27 — Russia said today it was clear the United States was not willing to address its main security concerns, but kept the door open for further dialogue in their standoff over Ukraine. Kremlin spokesman Dmitry Peskov said Moscow, which has built up its forces near Ukraine, would not...

IMF cuts growth forecasts for US, China and the world as Omicron spreads | Malay MailWASHINGTON, Jan 25 — The International Monetary Fund lowered its economic forecasts for the United States, China and the global economy today, and said uncertainty about the pandemic, inflation, supply disruptions and US monetary tightening posed further risks. “We project global growth this...

Tokyo stocks open higher after mixed US close | Malay MailTOKYO, Jan 27 ― Tokyo stocks opened higher in cautious trade today following a mixed close on Wall Street after Fed Chair Jerome Powell signalled an interest rate hike is likely in March. The benchmark Nikkei 225 index was up 0.39 per cent or 105.37 points at 27,116.70 in early trade, while the...

Ringgit opens lower against US dollar | Malay MailKUALA LUMPUR, Jan 27 ― The ringgit dipped against the US dollar today on buying support for the greenback following the United States Federal Reserve's (Fed) decision to hold its key interest rate near zero, although it noted that the quantitative easing will end on schedule in March, an analyst...

From pigs heads to duck, Thai shop offers Lunar New Year treats in jelly | Malay MailBANGKOK, Jan 27 — As Thais get ready to celebrate the Lunar New Year, a dessert shop in Bangkok is doing a roaring trade by moulding coconut milk jelly into pigs heads, grilled duck, steamed chicken and other items often served in a traditional feast. The Namjai dessert shop offers a US$27...

Telegram channel for the latest updates. NEW YORK, Jan 27 — Wall Street stocks rose early today as good US economic data and solid earnings offset lingering unease over the pivot in Federal Reserve monetary policy. The US economy grew at a better-than-expected 6.9 per cent in the fourth quarter, according to government data, concluding the strongest year for GDP expansion since 1984. Analysts have also been broadly pleased with the deluge of corporate earnings this week, with several leading companies scoring higher profits despite ongoing pressures connected to Covid-19. Apple, which is slated to report results after the closing bell, jumped more than two per cent in early trading. About 20 minutes into trading, the Dow Jones Industrial Average was up 1.6 per cent at 34,717.46. The broad-based S&P 500 jumped 1.6 per cent to 4,421.46, while the tech-rich Nasdaq Composite Index advanced 1.4 per cent to 13,743.28. Stocks have been under pressure most of January, including yesterday after Federal Reserve Chair Jerome Powell signaled a likely interest rate increase in March. Among individual companies, Tesla fell 3.9 per cent despite reporting record annual profits on surging sales as Chief Executive Elon Musk warned that supply chain problems would persist well into 2022. Intel slumped 6.3 per cent on disappointment over the company’s first-quarter projections.  Netflix jumped 6.7 per cent as billionaire investor Bill Ackman announced buying 3.1 million shares of the streaming service. — AFP You May Also Like