NEW YORK - U.S. stock index futures were flat on Wednesday as investors found few reasons to keep buying following six straight days of gains on both the S&P 500 and Nasdaq.
Recent Business News
- Dow Chemical Co reported a 75 percent rise in quarterly profit, helped by higher prices for its plastics products and higher margins in most of its businesses.
BERLIN - Germany's private sector expanded faster in April, recovering from a slight slowdown in growth in March, as both manufacturing and services industry activity rose more than expected, surveys showed on Wednesday.
HONG KONG - At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar with the matter said, just as the regional hedge fund industry is starting to pick up.
TOKYO - Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on Wednesday, suggesting that the wall of money it is pumping out is spilling over into the broader economy.
Diversification may be helping to smooth out volatility in Goldman's FICC revenue, but it's smoothing out a decline.