Market Pulse - Usa
US close: Markets reverse earlier gains to finish in the red
Trading on Wall Street finished in the red on Wednesday, having bounced higher earlier in the session after a sell-off on Tuesday was fuelled by new Fed chair Jerome Powell's congressional testimony on, which rattled the market.
Dick's Sporting Goods, US gun retailer, stops selling assault rifles
Dick’s Sporting Goods has announced the removal of assault-style weapons from its stores and has raised the age for gun buyers to over 21.
Office Depot swings to fourth quarter loss despite improved revenue
US retailer Office Depot posted a $48m loss in its fourth-quarter on Wednesday, just twelve months after reporting a $55m profit for the same period.
US GDP slows a tad more than expected in the fourth quarter
Economic activity in the US slowed down a tad more quickly than expected during the third quarter, but continued to point to a robust end of the year, according to economists.
US close: Markets retreat as Powell addresses Congress
Wall Street indices finished in the redon Tuesday, after nerves kicked in as new Federal Reserve Chair Jerome Powell delivered his first congressional testimony.