Wall Street closes higher, Nasdaq sets record as potential vaccines show promise

Wall Street gained ground on Monday and surging technology shares pushed the Nasdaq to a record closing high, as promising trial results from potential COVID-19 vaccines helped investors look beyond spiraling new cases of the disease. Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) provided the biggest boosts to the Nasdaq and the S&P500, but industrials […]

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IBM beats estimates; sees gains as customers accelerate shift to cloud

International Business Machines Corp (IBM.N) beat estimates for second-quarter profit on Monday and signaled that demand in its cloud computing business would get a boost as large corporations accelerate their digital shift due to the coronavirus crisis. The company‚Äôs shares rose 5% in after-hours trading. IBM has jettisoned some of its legacy business to focus […]

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