Estimates for second-quarter earnings edged higher in the latest week as results from bellwether companies like Intel Corp bolstered expectations for the quarter.
Wall Street is set to open lower on Thursday, with economic growth worries flagged up by the Federal Reserve and by Chinese data, and with investors eyeing results from JP Morgan as the second-quarter earnings season gathers pace.
Stocks advanced on Wednesday, lifted by Intel's strong results, but weaker-than-expected June retail sales limited gains.
The shares of chip and PC makers jumped on Wednesday on strong results from global technology bellwether Intel Corp , pointing to potential upside for the sectors in quarterly reports due in coming weeks.
The Dow and S&P 500 indexes fell on Wednesday after data showed a second straight month of declining U.S. retail sales, though results from technology bellwether Intel Corp helped limit losses on the Nasdaq.
Dow and S&P 500 index futures pointed to a lower open on Wednesday after a report showed a second straight month of declining U.S. retail sales, though better-than-expected results from technology bellwether Intel Corp limited losses in the Nasdaq.
World stocks hit a three-week high on Wednesday while government bonds fell broadly after Intel's forecast-beating quarterly results raised expectations of strong corporate earnings in the second quarter.
Stock index futures were higher on Wednesday, setting the stage for a seventh straight day of gains after tech bellwether Intel Corp reported better-than-expected quarterly earnings.
Stock index futures were higher on Wednesday, setting the stage for a seventh straight day of gains after tech bellwether Intel Corp reported better-than-expected quarterly earnings.
World stocks hit a three-week high on Wednesday while government bonds fell broadly after Intel's forecast-beating quarterly results raised expectations of strong corporate earnings in the second quarter.
Global oil prices continued its overnight gains in Asian trade Wednesday mainly on signs of increase in fuel demand amid strong stocks and weak dollar. Light sweet crude for August delivery was seen trading at $77.19 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 76.75 a barrel in London. Stock markets across Asia rose to a three-week high, following the sixth straight rally for Wall Street, led by the technology sector after chip-maker Intel results beat expectations.
Asian stocks rose to a three-week high on Wednesday, led by gains in tech shares after Intel's results beat market expectations, while the euro held firm near two-month peaks against a softer U.S. dollar.
Resilient demand for PCs and servers helped Intel Corp's margin and revenue forecasts blast past Wall Street expectations, allaying fears of a technology spending slowdown and sending its shares up nearly 8 percent.
Asian stocks rose to a three-week high on Wednesday, led by gains in technology issues after Intel's results beat market expectations, while the euro held firm near two-month peaks against a softer U.S. dollar.
Intel Corp , the world's biggest microchip maker, handily beat second-quarter sales and profit estimates and forecast third-quarter sales well ahead of Wall Street's consensus.
Intel Corp delivered a better-than-expected sales forecast and results on strong corporate demand for personal computers and servers, despite concerns over a tech industry slowdown.
Many option traders appear to be taking a neutral to cautious stance on Intel Corp heading into the technology bellwether's second-quarter results after the closing bell on Tuesday.
Stocks rallied on Tuesday, rising for a sixth consecutive session, after Alcoa Inc reported stronger-than-expected profit and raised its estimate for global aluminum demand.
Stocks climbed on Tuesday, with all indexes briefly above 1 percent after better-than-expected results from Alcoa Inc and CSX Corp gave a promising start to the earnings season and sparked a broad rally.
Some investors are betting on major technology stocks ahead of the earnings season kicking off next week, seeing them as oversold on fears about the slowing U.S. and European economies.
The Dow and the S&P 500 rose modestly on Thursday on strong June sales at several retailers and stronger-than-expected jobs sector data, but losses in the technology sector eased the market off its highs.
Intel and the Federal Trade Commission filed motions on Monday to suspend trial proceedings while both negotiate settlement of a lawsuit, in which the agency accused the company of abusing its market dominance.
