Wall Street poised to open with gains as more earnings, economic data arrives
NEW YORK Wall Street was on track to open with gains Thursday on another big day for corporate earnings and the latest government economic data.
Railroad operator CSX tumbled 4.7% in extended trading after it said Wednesday that it expects only modest volume growth the rest of the year as the Southeast rebuilds after two major hurricanes. Taiwan Semiconductor jumped 9.6% after its third-quarter sales and profit beat analyst forecasts. The company also issued rosy fourth-quarter guidance, boosted by expected demand for artificial intelligence-related products.
In Asian trading, Chinese markets fell back after officials in Beijing announced the government was expanding financing for housing projects to try to turn around a slump in the property market triggered by a crackdown on excessive borrowing by developers. China’s leaders have promised more measures to help boost the economy, but so far have not provided details of stimulus on a scale that would satisfy investors hoping to see reforms that might address longer term problems such as massive local debt and weak consumer demand.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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