Street

EXCLUSIVE U.S. SEC opens inquiry into Wall Street banks’ staff communications -sources

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WASHINGTON, Oct 12 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications, three people familiar with the matter told Reuters.

SEC enforcement staff contacted multiple banks in recent weeks to check whether they have

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US STOCKS-Wall Street rises on Big Tech strength

* Energy, material stocks boosted by commodity rally

* Southwest falls on canceling many flights

* Big banks set to start reporting from Wednesday

* Indexes up: Dow 0.43%, S&P 0.40%, Nasdaq 0.43% (Updates prices to open)

By Shreyashi Sanyal and Devik Jain

Oct 11 (Reuters) – U.S. stock indexes rose on Monday as growth stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week.

Mega-caps Apple Inc, Tesla Inc and Microsoft Corp rose between 0.6% and 1%, with eight of the 11 major S&P 500 sector indexes trading higher.

Energy and

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Why is Citi helping big tech storm Wall Street?

Alphabet Inc.’s deeper dive into the U.S. financial system shouldn’t come as much of a surprise. Technology giants have found a way into all corners of people’s lives; the latest plan to offer consumers new forms of bank accounts is simply one of the final frontiers.

The puzzling part of Alphabet’s expansion of Google Pay is why Citigroup Inc. is a willing participant in Silicon Valley’s invasion of Wall Street’s turf.

Last week, Bloomberg News and others reported that Citigroup and a California credit union were Alphabet’s initial partners for a venture that would offer checking accounts through Google Pay.

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Stocks edge lower as Wall Street prepares for earnings

Stocks edged lower in afternoon trading on Wall Street Monday as communications companies and banks fell broadly.

The S&P 500 fell 0.3% as of 2:40 p.m. Eastern after rising as much as 0.6% earlier. The Dow Jones Industrial Average fell 146 points, or 0.4%, to 34,593 and the Nasdaq also fell 0.1%.

The price of U.S. crude oil rose 1.5% to over $80 a barrel.

Bond trading was closed for the Columbus Day holiday.

Investors are looking ahead to the beginning of company earnings this week. Analysts have said that the latest round of corporate results could help give the

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Wall Street banks set to profit again when Fed withdraws pandemic stimulus

A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly/File Photo

NEW YORK, Oct 15 (Reuters) – Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets.

With the central bank nearing the time when it will start winding down its asset purchases, banks are set to profit again as increased volatility encourages clients to buy and sell more stocks and bonds, analysts, investors and executives

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Stock jumps as Wilsonville battery maker ESS begins trading on Wall Street, reversing wobbly debut

ESS Tech, a small Wilsonville battery manufacturer, made an emphatic debut on Wall Street as a sudden spate of investor enthusiasm overcame a difficult week for the company.

Shares jumped 27%, $2.22, to close at $10.43 after trading began Monday on the New York Stock Exchange. The stock trades under the ticker symbol GWH (a nod to “gigawatt hour,” 1 billion watt hours of electricity).

ESS makes iron-based batteries that it says will enable clean electricity generators, like solar and wind farms, to store their energy. Energy storage for clean power is an essential element of any move away from

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Wall Street eases as caution rises over earnings

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By Caroline Valetkevitch

U.S. stocks ended a choppy session lower on Monday as investors grew more nervous ahead of the third-quarter earnings reporting season.

Supply chain problems and higher costs for energy and other things have fueled concern about earnings, set to kick off with JPMorgan Chase & Co results on Wednesday.

Indexes reversed early gains, and JPMorgan shares were down and among the biggest drags on the S&P 500, while the S&P financial index was also lower.

According to preliminary data, the

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S&P 500, Dow tumble as Wall Street heads for monthly losses

A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo

  • S&P 500 set to snap seven-month winning streak
  • Indexes down: Dow 1.25%, S&P 0.86%, Nasdaq 0.30%

Sept 30 (Reuters) – The S&P 500 and the Dow tumbled on Thursday as concerns over economic growth and a possible government shutdown saw Wall Street headed for a steep monthly drop, while losses in the Nasdaq were mitigated by major technology stocks.

A batch of mixed economic data spurred large swings in the markets, as investors weighed a

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Stocks give up an early gain and end lower on Wall Street

Stocks closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates.

The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15 points, or 0.7%, to 4,361.19. The benchmark index gained as much as 0.6% in the early going.

The Dow Jones Industrial Average fell 250.19 points, or 0.7%, to 34,496.06 and the Nasdaq shed 93.34 points, or 0.6%, to 14,486.20.

Technology and communications stocks had some of the biggest losses. Facebook fell 1.4% and Intuit fell

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Wall Street slips as caution rises over earnings; financials down

  • Energy sector down after hitting highest since Jan 2020
  • Big banks set to start reporting results from Wednesday
  • Indexes up: Dow 0.4%, S&P 0.3%, Nasdaq 0.1%

NEW YORK, Oct 11 (Reuters) – U.S. stocks were mostly lower in afternoon trading Monday with trading choppy as investors were cautious before third-quarter earnings season.

Indexes reversed earlier gains, with the Dow and S&P 500 lower and the Nasdaq essentially flat.

Supply chain problems and higher costs for energy and other things have fueled concern about earnings, set to kick off with JPMorgan Chase & Co (JPM.N) results on Wednesday.

JPMorgan shares were

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