NEW YORK, Oct 14 — Wall Street slowly climbed upward at the open today amid major earnings reports and continued uncertainty surrounding the coronavirus pandemic. About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. The broad-based S&P...
About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. — Reuters pic
About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. Equities retreated the day before despite better-than-expected results from major banks Citigroup and JPMorgan, with analysts taking note of executives’ insistence that more stimulus is needed for the US economy.
“An uptick in coronavirus cases remains a market overhang, with the US reporting the highest number of hospitalisations related to the virus since early September,” Wells Fargo Advisors said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU wins right to place tariffs on US$4b US goods in aircraft spat | Malay MailBRUSSELS, Oct 13 —The European Union has won the right to impose tariffs on US$4 billion (RM16.6 billion) in US goods in retaliation for subsidies granted to planemaker Boeing under a World Trade Organisation (WTO) ruling today. The award, which partially mirrors US tariffs on Airbus jets...
Read more »
Mark Zuckerberg, Priscilla Chan donate US$100m more to US election infrastructure | Malay MailSAN FRANCISCO, Oct 14 — Facebook Inc Chief Executive Officer Mark Zuckerberg and his wife, Priscilla Chan, said yesterday that they will donate an additional US$100 million (RM413.8 million) to support election officials and fund infrastructure for the US election in November. “We've gotten a...
Read more »
We won’t survive: Liverpool pubs say new UK lockdown will wipe them out | Malay MailLIVERPOOL, Oct 13 — The last pints could be pulled in some pubs across northern England this week as furious bosses warn new coronavirus restrictions will wipe out their businesses, which are already reeling from a national lockdown earlier this year. With Covid-19 cases and hospital admissions...
Read more »
Three new inmates at Seberang Perai prison test positive for Covid-19 | Malay MailGEORGE TOWN, Oct 13 — The three individuals who tested positive for Covid-19 at Seberang Perai Prison in Jawi, are newcomers transferred to the prison after being sentenced for their crimes two weeks ago. Penang Prisons Department director Roslan Mohamed said the three men have been isolated from...
Read more »
Ringgit closes higher against US dollar | Malay MailKUALA LUMPUR, Oct 13 — The ringgit closed firmer against the US dollar today in line with improvement in crude oil prices, said a dealer. At 6 pm, the local note was traded at 4.1400/1440 versus the greenback, compared with 4.1420/1500 today’s closing. At the time of writing, Brent crude oil...
Read more »
New Karabakh fighting defies ceasefire pleas as toll mounts | Malay MailTERTER (Azerbaijan), Oct 13 — Armenian and Azerbaijani forces engaged in new fighting today over the Nagorno-Karabakh region despite pleas to observe a ceasefire, as the Red Cross warned hundreds of thousands were already affected by the conflict. More than two weeks of fighting between the...
Read more »