Wall Street holds steady as several retailers including Abercrombie report solid results
NEW YORK (AP) — U.S. stocks are holding steadier a day after leaping back within a few good days’ worth of gains from its all-time high.
The S&P 500 was up 0.1% in early trading Wednesday.
The index has been charging higher as markets hope that the worst of the turmoil from President Donald Trump’s trade war may have passed.
The Dow Jones Industrial Average was flat, and the Nasdaq composite was up 0.2%. Abercrombie & Fitch soared after its profit and revenue beat analysts’ expectations. Macy’s rose after reporting milder drops in revenue and profit than analysts expected for the latest quarter.
More Stories
Blick Rothenberg: US tariffs make UK more appealing to Japanese firms
Uncertainty created by the latest round of US tariffs could make the UK a more attractive base for Japanese businesses,...
East of England growth confidence dips to 83%, KPMG finds
Confidence in growth prospects among privately owned businesses in the East of England has fallen to 83 per cent from...
Shein swings to $99m loss after US scraps duty-free parcel rule
Shein lost $99m (£74.1m) in the first three months of the year, against net income of $395m a year earlier,...
Heathrow expansion would move 15,200 aviation jobs to London by 2050, NEF says
A third runway at Heathrow would move 15,200 aviation jobs that would otherwise accrue in the UK regions to the...
Retail sales decline slows in July as motor trades rebound, CBI finds
Retail sales volumes fell at a slower pace in the year to July, with the weighted balance rising to -26...
Trump orders 301 investigation into EU over Google’s €890m fine
Donald Trump has said the United States will “immediately initiate a 301 investigation” into the European Union and is considering...