Stocks fell Friday after results from Wells Fargo and readied for a slew earnings next week.» Read More
*Wells Fargo falls, but revenue tops forecasts. Wells Fargo& Co reported revenue that beat expectations, though for the first time since 2009, the bank did not increase its earnings-per-share from the preceding quarter. Fastenal Co slumped 4.6 percent to $45.92 after revenue missed expectations.
NEW YORK— U.S. stocks are opening lower and are headed for their biggest weekly loss since April. The Dow Jones industrial average fell 40 points, or 0.2 percent, to 16,873 in the first few minutes of trading Friday. Fastenal, which makes industrial fasteners, fell 5 percent after reporting revenue that fell short of analysts' estimates.
WHERE THERE'S SMOKE: Tobacco company Lorillard rose $3.11, or 4.9 percent, to $66.19, after rival Reynolds American confirmed it was in talks with Lorillard and British American Tobacco, its largest shareholder, about an acquisition.
*Wells Fargo edges lower, but revenue tops forecasts. *Fastenal reports revenue below expectations. NEW YORK, July 11- U.S. stock index futures pointed to slight gains at the open Friday in a modest rebound from recent losses, though major indexes remained on track for their biggest weekly decline since April.
*Fastenal reports revenue below expectations. *The S&P 500 has fallen for three of the past four sessions, dropping Thursday on concerns over the financial health of Portugal's top listed bank. *Fastenal Co reported second-quarter revenue that was below expectations.
Following a strong employment report, the Dow topping 17,000 and high pre-announcements, earnings may see long-absent double-digit growth.
NEW YORK, July 4- With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory. Many factors point to a second-quarter earnings season poised to surprise substantially to the upside.
U.S. stock index futures were mostly lower Friday, following the release of JPMorgan Chase earnings.
U.S. stock index futures signaled a lower open on Thursday, with shares in Asia and Europe boosted after dovish minutes from the latest Fed meeting.
Fears of a China-led slowdown, softer U.S. data and a mixed bag of earnings news unleashed a selling wave in stocks.
The adage "As January goes, so goes the year" has created concern among traders who see the seesaws of 2014 as a negative.
NEW YORK, Jan 15- U.S. stocks rose on Wednesday, with the S&P 500 climbing to an all-time closing high after strong earnings from Bank of America and data signaled that the economy was improving.
Some of Wednesday's midday movers:
*Bank of America shares jump after earnings. NEW YORK, Jan 15- U.S. stocks rose on Wednesday, with the S&P 500 hitting a record high after strong earnings from Bank of America and data pointed to improvement in the economy.
*Bank of America climbs after earnings. NEW YORK, Jan 15- U.S. stocks rose modestly on Wednesday, putting the S&P 500 on track to build on its biggest gain in nearly a month, after strong data and earnings from Bank of America pointed to continued improvement in the economy.
The stock market's blue Monday turned into turnaround Tuesday, so what about Wednesday?
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Some of Friday's midday movers:
Companies are making headlines before the bell Friday:
A strong sell bias continues among company insiders across the market, as stocks breach trough historic levels.