Market Pulse - Usa
Alcoa falls short of Wall Street expectations
US aluminium producer Alcoa's fourth-quarter profit and revenue fell short of market estimates as higher power prices in Spain coupled with ongoing droughts in Brazil that hampered bauxite production, increased expenses.
Amazon narrows list of potential locations for second headquarters down to 20
E-commerce giant Amazon has shortened its list of potential host cities for its second headquarters from 238 down to just 20.
US open: Risk of federal government shutdown looms over stocks
Wall Street is trading on the back foot ahead of a House vote on the legislation needed to avert a government shutdown and amid another leg lower in the Treasury market, amid reports that Apple might unload some of its holdings of US government debt to pay its tax bills.
Concerns for Apple sales as Taiwan Semiconductor cuts forecasts
Taiwan Semiconductor Manufacturing (TSMC) forecast revenue behind market expectations from its current trading quarter, as dwindling smartphone sales in China and a stronger Taiwanese dollar outweighed product demand from cryptocurrency miners.
World confidence in US leadership has slumped under Trump administration
Global approval of the US has fallen to a new low, from 48% under Obama to 30% under Trump, Gallup’s global leadership poll finds.
Sharp fall in US December housing starts, but permits stable
Homebuilding activity in the US hit the skids at the end of the year in part due to poor weather.
Philly Fed factory index dips in January, as expected
Factory activity in the US mid-Atlantic region cooled in January, according to the results of one of the most widely-followed surveys for the sector.
US close: Dow Industrials breaks past 26,000, S&P tops 2,800 points
Wall Street continued to push higher, with the Dow Industrials clambering above the 26,000 point mark on Wednesday and the S&P 500 rising past 2,800 points, helped by upbeat economic data and tech giant Apple's announcement that it would repatriate part of its overseas cash hoard.