U.S. stocks were little changed at the open on Wednesday as investors assessed whether a post-election rally, which has powered the major indexes to a series of record highs in the past month, had more room to run.
Recent Business News
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip implant.
NEW YORK Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. | Video
Starbucks Corp set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain said it planned to open 12,000 stores globally by 2021.
Generic drugmaker Mylan NV said on Wednesday it may cut less than 10 percent of its global workforce as part of a restructuring program.
NEW YORK The U.S. stock market's bull run since 2009 will extend into 2017 if President-elect Donald Trump's plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll.