Lu Wang, Author at Providence Business News

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EARLY TRADING on the New York Stock Exchange sent U.S. stock prices higher, based on IMF upgrades in global growth estimates and earnings reports from major U.S. companies. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Stocks rise early as IMF raises growth estimate, earnings climb

Economic Activity 01/21/2014

NEW YORK - U.S. stocks rose after the International Monetary Fund raised its forecast for global growth and corporate earnings beat analysts’ estimates. Dow Chemical...

U.S. EQUITIES MARKETS opened near record highs Wednesday, as investors expected the Federal Reserve to keep its bond-purchasing program in place, while at the same time, more than two-thirds of companies have reported earnings gains in the third quarter. / BLOOMBERG NEWS PHOTO/SCOTT EELLS

U.S. stocks advance to records amid Fed stimulus speculation

Economic Activity 11/06/2013

NEW YORK - U.S. stocks advanced, with the Standard & Poor’s 500 Index poised for a record close, as investors awaited data this week...

IN ANTICIPATION OF the planned release Tuesday of delayed September employment data, U.S. stocks fluctuated Monday on news of corporate third-quarter earnings. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

U.S. stocks fluctuate on earnings reports before employment data

Economic Activity 10/21/2013

NEW YORK - U.S. stocks swung between gains and losses, after the Standard & Poor’s 500 Index rallied to a record, as investors watched...

U.S. STOCKS FELL Monday as Congress remained locked in debate over the budget and raising the national debt ceiling. According to the Congressional Budget Office, the U.S. will run out of funds to pay all of its bills sometime between Oct. 22 and Oct. 31. / BLOOMBERG FILE PHOTO/TIM BOYLE

U.S. stocks drop on default concern amid debt-limit deadlock

Economic Activity 10/07/2013

NEW YORK - U.S. stocks fell, after the first back-to-back weekly decline since August for the Standard & Poor’s 500 Index, as lawmakers remained...

AS WASHINGTON LEGISLATORS gear up for a battle over the nation's debt ceiling, U.S. stocks fell Friday. Economists predict that a government shutdown over the budget could slow U.S. growth in the fourth quarter as much as 1.4 percent. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

U.S. stocks fall amid concerns budget impasse could slow growth

Economic Activity 09/27/2013

NEW YORK - U.S. stocks fell, with the Standard & Poor’s 500 Index headed for its first weekly drop since August, amid concern the...

THE S&P 500 INDEX RETREATED MONDAY as investors watched speeches from Federal Research officials. The slump follows last week's record high after the Federal Open Market Committee announced delaying a stimulus taper. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

U.S. stocks fall as banks slump, investors weigh Fed speeches

Economic Activity 09/23/2013

NEW YORK - U.S. stocks fell, following three weeks of gains for the Standard & Poor’s 500 Index, as financial shares slumped and investors...

BEN S. BERNANKE, chairman of the U.S. Federal Reserve, speaks during a news conference following the Federal Open Market Committee meeting in Washington, D.C., on Wednesday. The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more signs of lasting improvement in the economy. / BLOOMBERG NEWS PHOTO/PETE MAROVICH

S&P 500 climbs to record as Fed refrains from reducing stimulus

Economic Activity 09/18/2013

NEW YORK - The Standard & Poor’s 500 Index climbed to a record high after the Federal Reserve unexpectedly refrained from reducing bond buying,...

STOCKS FLUCTUATED on Tuesday as investors weighed earnings reports and news from the Federal Reserve. / BLOOMBERG FILE PHOTO/TIM BOYLE

U.S. stocks fluctuate as investors weigh earnings, Fed data

Economic Activity 07/23/2013

NEW YORK – U.S. stocks fluctuated, after the Standard & Poor’s 500 Index hit a record yesterday, as investors weighed disappointing manufacturing data and...