{"id":72799,"date":"2025-07-18T13:59:09","date_gmt":"2025-07-18T13:59:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/72799\/"},"modified":"2025-07-18T13:59:09","modified_gmt":"2025-07-18T13:59:09","slug":"stocks-waver-on-wall-street-as-they-head-for-another-winning-week-whio-tv-7-and-whio-radio","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/72799\/","title":{"rendered":"Stocks waver on Wall Street as they head for another winning week \u2013 WHIO TV 7 and WHIO Radio"},"content":{"rendered":"

Wall Street is drifting toward the finish of its third winning week in the last four, as more big U.S. companies deliver stronger profits for the spring than analysts expected. The S&P 500 was up 0.2% in early trading Friday after setting an all-time high the day before. The Dow Jones Industrial Average slipped 20 points, and the Nasdaq composite was up 0.4%. Charles Schwab rose 4.4% after reporting better-than-expected results. Norfolk Southern chugged 2.5% higher after an AP source said it\u2019s talking with Union Pacific about a merger to create the largest railroad in North America.<\/p>\n

THIS IS A BREAKING NEWS UPDATE. AP\u2019s earlier story follows below.<\/p>\n

Markets on Wall Street quietly hovered at record levels before the bell Friday with most of the attention on the latest corporate earnings reports and dealmaking.<\/p>\n

Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all ticked up less than 0.1% before the bell.<\/p>\n

A day earlier, the S&P 500 topped its all-time high set a week ago and the Nasdaq composite added to its own record<\/a> set the day before.<\/p>\n

Shares of Norfolk Southern jumped 4% on reports that it is in merger talks with Union Pacific<\/a> to create the largest railroad in North America that would connect the East and West Coasts. The merger discussions began during the first quarter of this year, according to an AP source. Union Pacific shares ticked up 0.5%.<\/p>\n

Shares of Chevron and Hess both got a boost on reports that their $53 billion merger<\/a> was proceeding after Exxon Mobil’s arbitration challenge was rejected in Paris. Exxon Mobil’s had asserted that it had a contractual right to make an offer for Hess’ Guyana assets.<\/p>\n

Chevron announced its deal for Hess in October 2023, less than two weeks<\/a> after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.<\/p>\n

Netflix dipped 1.6% overnight even after it beat Wall Street’s profit and revenue targets<\/a> and raised its outlook. The guidance increase may have been lower than some investors were looking for, pushing them to collect profits on a stock that is up more than 40% this year.<\/p>\n

Coming later Friday morning is the latest consumer sentiment report from the University of Michigan.<\/p>\n

In early European trading, Germany’s DAX and Paris’s CAC 40 were both unchanged, while Britain’s FTSE 100 added 0.1%.<\/p>\n

In Asian trading Japan\u2019s Nikkei 225 closed 0.2% lower at 39,819.11 as traders stayed on the sidelines ahead of an election for the upper house of parliament on Sunday that could wipe out the ruling coalition\u2019s upper house majority.<\/p>\n

Hong Kong\u2019s Hang Seng index added 1.2% to 24,825.66, while the Shanghai Composite index advanced 0.5% to 3,534.48.<\/p>\n

Taiwan\u2019s Taiex climbed 1.2%, helped by a 2.2% gain for Taiwan Semiconductor Manufacturing Co. On Thursday, TSMC reported its net income soared nearly 61% in the last quarter from a year earlier.<\/p>\n

Australia’s S&P\/ASX 200 rose 1.4% to 8,757.20, and the Kospi in South Korea shed 0.1% to 3,188.07. India’s Sensex lost 0.6%.<\/p>\n

\u201cAsia\u2019s riding the global rally wave, AI fever refuses to break, and even the Fed is making soothing noises,\u201d Stephen Innes of SPI Asset Management wrote in a commentary. \u201cBut underneath all the sunshine is a market running hot, with volatility on sale and positioning still cautious.\u201d<\/p>\n

In energy markets, U.S. benchmark crude oil rose 73 cents to $66.96 per barrel. Brent crude, the international standard, picked up 69 cents to $70.21 per barrel. The U.S. dollar dipped to 148.50 Japanese yen from 148.61 yen. The euro rose to $1.1646 from $1.1596.<\/p>\n

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street is drifting toward the finish of its third winning week in the last four, as more…\n","protected":false},"author":3,"featured_media":72800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,439,57,135,50947,16266,67,132,68,107],"class_list":{"0":"post-72799","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-financial-markets","10":"tag-general-news","11":"tag-markets","12":"tag-markets-stocks-japan-inflation-rates","13":"tag-stocks-and-bonds","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us","17":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114874598896852879","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/72799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=72799"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/72799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/72800"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=72799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=72799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=72799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}