Thursday 24 June 2021

Reuters Business: Nasdaq and S&P 500 end at record highs; Dow jumps

Nasdaq and S&P 500 end at record highs; Dow jumps

The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

Banks clear Fed stress test, paving way to boost buybacks, dividends

Large banks will no longer face pandemic-era restrictions on how much they can spend buying back stock and paying dividends, the Federal Reserve announced Thursday after finding the firms would remain well capitalized in its latest stress test.

Nike revenue beats on upbeat North America demand

Nike Inc (NKE.N) quarterly revenue beat Wall Street estimates, as Americans stepping out of the pandemic-led lockdowns splurged on footwear and apparel, sending its shares 4% higher.

FedEx profit leaps, but shares off on 2022 forecast

U.S. delivery firm FedEx Corp (FDX.N) on Thursday reported quarterly profit and revenue that jumped more than expected, but shares shed 4.2% after its earnings forecast fell short of Wall Street expectations.

Survey shows more U.S. stimulus money invested, day trading widespread

The number of peopleinvestingU.S. stimulus money has risen sharply since last year, according to a survey released on Thursday by Betterment.com, and many respondents say they are actively day trading and expect to continue.

Job hole or inflation? Fed policymakers split over risk view

As Federal Reserve policymakers begin an intense debate over when and how to start reducing the central bank's support for the economy, they are split over what poses the bigger risk: a still-large jobs deficit or a potential inflation shock.

BlackRock plans more employee support after review of complaints

BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Thursday the company would create new support channels for employees and start evaluating the conduct of senior leaders, including himself, after a legal review of intolerant behavior at the world's top asset manager.

U.S. infrastructure deal includes $6 billion sale from oil reserve -document

The infrastructure deal struck by a group of bipartisan senators and President Joe Biden on Thursday includes partial funding by a proposed $6 billion sale from the U.S. emergency oil reserve, according to a document circulated by Republican lawmakers.

Nasdaq and S&P 500 end at record highs; Dow rallies

The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

EXCLUSIVE Ray-Ban maker EssilorLuxottica considers suing GrandVision over $8.6 bln deal -source

Ray-Ban maker EssilorLuxottica (ESLX.PA) is considering suing its takeover target GrandVision (GVNV.AS) after a court ruled that the Dutch eyewear retailer had violated the terms of their 7.2 billion euro ($8.6 billion) proposed acquisition agreement, a source with knowledge of the matter told Reuters.

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