 | | | | Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks. | | | | | | Snap Inc (SNAP.N) on Thursday beat Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapchat attracted more users. | | | | | | Twitter Inc (TWTR.N) on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements and said changes by Apple to keep iPhone user data private had hit ad revenue less than anticipated. | | | | | | Chipmaker Intel Corp (INTC.O) raised its annual revenue forecast on Thursday, focusing on its dual strategy of increasing in-house production as well as outsourcing to catch up with rivals. | | | | | | Big tech pushed Wall Street to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings sent investors back to growth stocks. | | | | | | U.S. stock markets turned positive on Thursday as investors digested data showing a two-month high in unemployment claims as the country still grapples with the pandemic, while yields on safe-haven assets such as U.S. Treasuries eased. | | | | | | Wall Street edged higher on Thursday, as lackluster economic data and mixed corporate earnings sent investors back to growth stocks. | | | | | | A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time soon. | | | | | | B.R. Shetty, the founder of stricken UAE hospital operator NMC Health, has sued auditor EY, two former top executives of his companies and two banks in a U.S. court, seeking $8 billion in damages for an alleged multibillion-dollar fraud at his group. | | | | | | The number of Americans filing new claims for unemployment benefits rose to a two-month high last week, a reminder that the labor market was far from being out of the woods as the nation confronts a resurgence in new COVID-19 infections. | | | | | |
