Wall Street slipped on Monday as investors booked profits on the penultimate day of the decade after optimism over improving US-China trade relations fueled a stock market rally this month.
Helicopter cash, climate crises, smart cities and the space economy — investors have all those possibilities ahead as they enter the third decade of the 21st century.
The biggest US banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years.
US crude futures were last up 11% at $61.10 a barrel, coming off highs on expectations other global oil suppliers would step in to lift output. Brent crude soared 13% at $68.06 after earlier rising to $71.95.
HP Inc said on Thursday Chief Executive Officer (CEO), Dion Weisler, is stepping down after nearly four years in the role and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade.