Wall Street, Stocks
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Wall Street on Thursday inched higher, helped by gains in defensive sectors such as consumer staples and utilities. Read more here.
Stock futures are slightly lower Thursday as investors digest a handful of noteworthy earnings reports and await economic data that's due to be released this morning.
Dow rises as Cisco and Amgen rally, but UnitedHealth drags after DOJ probe. Inflation cools, retail sales steady. Outlook hinges on Fed and tariffs.
Stocks have been roaring back since the S&P 500 fell nearly 20 percent below its record last month on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher.
Stocks surged steadily on Monday after Wall Street got what it wanted on the tariff front. The Dow Jones Industrial Average was up 1,110 points, or 2.7%, in early afternoon trading. The S&P 500 was up 3.
In addition to those headwinds, UnitedHealth also faces growing scrutiny in Washington, as antitrust regulators challenge its planned purchase of home health operator Amedisys Inc.
6don MSN
News Corp beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading.