Stocks turned mostly lower Wednesday as better-than-expected growth in the second quarter fostered talk of Fed rate hikes.» Read More
American Express Co. fell $1.31 or 1.4 percent, to $90.40. Capital One Financial Corp. rose$. 11 or. 1 percent, to $81.30. Discover Financial Services fell$. 33 or. 5 percent, to $62.01.
*Twitter rallies after blockbuster results. NEW YORK, July 30- U.S. stocks were flat on Wednesday, paring earlier gains as a strong read on second-quarter economic growth sparked concerns the Federal Reserve may adjust its stimulus earlier than expected.
NEW YORK— The long-awaited surge in hiring at small businesses appears to be underway. Faulkner Hyundai in Harrisburg, Pennsylvania, is adding seven people to its staff of 92 because new cars are selling at their fastest rate in eight years. As recently as March, an American Express survey found 76 percent of owners planned to hire only when their revenue rose.
American Express Co. fell $1.07 or 1.2 percent, to $90.64. Capital One Financial Corp. rose$. 16 or. 2 percent, to $81.35. Discover Financial Services fell$. 03 or percent, to $62.31.
*Twitter rallies after blockbuster results. *Biotechs rally on Amgen results, Regeneron trial data. Twitter Inc surged on heavy volume, jumping 25 percent to $48.25 in its biggest one-day advance ever after reporting that monthly active users had risen a better-than-expected 24 percent in the second quarter.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures pointed to a higher open on Wednesday after the first read on second-quarter economic growth came in much stronger than expected, overshadowing a weak report on the labor market.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures rose on Wednesday as investors sought bargains following a period of weakness and looked ahead to data on economic growth and comments from the Federal Reserve following its latest policy meeting. *Twitter Inc surged 27 percent to $49 in heavy premarket trading.
NEW YORK— American Express Co. on Tuesday reported earnings that rose by 9 percent in its second quarter, and topped analysts' expectations. The New York- based company said profit increased to $1.52 billion, or $1.43 per share, from $1.39 billion, or $1.27 per share, in the same quarter a year earlier.
July 29- American Express Co reported a bigger-than-expected 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.7 percent to $98.86 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 1.6 percent at $147.14.
July 29- American Express Co reported a 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy. Net income rose to $1.53 billion, or $1.43 per share, for the second quarter ended June 30, from $1.41 billion, or $1.27 per share, a year earlier. Total revenue, net of interest expense, rose 5 percent to $8.66 billion.
Bond prices were higher on Tuesday after the U.S. government's auction of five-year Treasury notes, the second of three debt auctions this week.
U.S. stock-index futures rose Tuesday as investors looked to economic reports, earnings and the Fed's mid-week policy decision.
Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.
American Express Co. fell$. 07 or. 1 percent, to $91.86. Capital One Financial Corp. fell$. 12 or. 1 percent, to $81.53. Discover Financial Services rose$. 18 or. 3 percent, to $62.79.
The Fed meets for two days, starting Tuesday, and is widely expected to taper back its monthly bond buying program by another $10 billion to $25 billion - and do little else.
WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.. WASHINGTON— The Conference Board releases the Consumer Confidence Index for July, 10 a.m.. WASHINGTON— House Energy and Commerce subcommittee hearing on EPA's proposed clean power plan and grid reliability challenges.
American Express Co. fell$. 10 or. 1 percent, to $91.83. Capital One Financial Corp. fell$. 22 or. 3 percent, to $81.43. Discover Financial Services rose$. 01 or percent, to $62.62.
American Express Co. fell$. 70 or. 8 percent, to $91.23. Capital One Financial Corp. fell$. 28 or. 3 percent, to $81.37. Discover Financial Services fell$. 24 or. 4 percent, to $62.37.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.