Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the horizon.
A selloff in big U.S. tech shares wasn't enough to pull money away from the sector, Bank of America Merrill Lynch strategists said on Friday, but U.S. large-cap stocks suffered outflows as investors grew more cautious about an aging bull market.
The Trump administration came under pressure on Tuesday from both critics and allies over whether it should proceed with another tax cut for investors and do so without consulting the U.S. Congress.
U.S. companies got more clarity on Wednesday on bringing more than $2.6 trillion in profits held abroad into the United States, as required under tax changes enacted by the U.S. Congress in December.
Intercontinental Exchange Inc is partnering with BlackRock Inc on a new fixed income exchange-traded fund execution platform to open next year, the owner of the New York Stock Exchange said on Thursday after reporting a rise in quarterly earnings.
Goldman Sachs economists said on Thursday rising mortgage rates would subtract 1 to 2 percentage points from U.S. residential growth over each of the next two years as they have already nicked the housing sector.
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