Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.Investingread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
The Twitter co-founder and Obvious Ventures partner spoke about Beyond Meat on Tuesday at Collision Conference in Toronto.Technologyread more
The Dow Jones Industrial Average rose on Wednesday on the back of strong quarterly earnings from companies like IBM, United Technologies and Procter & Gamble.
The 30-stock index rose 171.14 points to 24,575.62. Big gains were hard to find away from companies that reported earnings, so the broader market was little changed. The S&P 500 gained 0.2 percent to close at 2,638.70, led by a 1.2 percent jump in the consumer staples sector. The Nasdaq Composite advanced 0.1 percent to 7,025.77.
Dow members United Technologies and Procter & Gamble both rose more than 4.8 percent after reporting better-than-expected earnings. IBM, another Dow component, jumped 8.5 percent in its best session since Oct. 18, 2017.
"Ultimately, when you look at the data, the thing that matters most to the market is earnings," said Andres Garcia-Amaya, founder of Zoe Financial. "I would say the technology sector is one that could make or break the story for equities. If you look at margins for the sector versus the other sectors, it's by far the largest."
"If you start to actually see margins for the technology sector deteriorate, that's going to basically be something investors are not going to be happy about," Garcia-Amaya said.
More than 14 percent of S&P 500 companies have released their calendar fourth-quarter results so far. Of those companies, 72.9 percent have topped earnings estimates, according to FactSet data. However, only 58.7 percent of those companies have beaten sales forecasts.
Overall, profits for the companies that have reported have grown by 13.2 percent, slightly above expectations. However, that would be the slowest pace of earnings growth since the fourth quarter of 2017, when S&P 500 profits expanded by 15.5 percent.
Wednesday's move higher came after steep losses in the previous session. On Tuesday, the Dow snapped its four-day winning streak, closing down more than 300 points lower, as global growth fears added jitters to market sentiment.
The International Monetary Fund (IMF) revised down its estimates for global growth earlier this week, projecting a 3.5 percent growth rate across the globe in 2019, and 3.6 percent for next year. The fund had already slashed its forecasts back in October, due to trade tensions, however issues still remain as the institution keeps its eye on other topics filled with uncertainty, such as Brexit. Weak economic data out of China didn't ease fears either.
Meanwhile, investors continue to keep a close eye on trade negotiations with the China.
White House economic advisor Larry Kudlow told CNBC's "Closing Bell" on Tuesday that reports of a meeting between U.S. and Chinese trade officials had been canceled. He added that no intermediate gatherings had been scheduled other than the visit by China Vice Premier Liu He.