US stocks climbed on Tuesday on strong bank earnings and as investors get ready for another wave of big reports to come on Wednesday.
Retail sales and industrial production fell short of estimates to start the day on Tuesday. Retail rose by 0.2% in June, where estimates expected a 0.5% climb. At the same time, the Federal Reserve's measure ofdeclined for a second month, dropping by 0.5%. Manufacturing output dropped 0.3%, the sharpest decline in three months.
But weaker macro data was offset by an upside earnings surprise from Bank of America and Morgan Stanley, the latter of which beat estimates on record revenue in its wealth management unit.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market today: Dow extends gains as banks shine, Microsoft hits record high By Investing.com⚠️BREAKING: *U.S. STOCKS SOAR AMID UPBEAT BANK EARNINGS, S&P 500, NASDAQ END AT 15-MONTH HIGHS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »
As the Dow hits 2023 high, one of the oldest stock-market forecasting tools is making a comebackOne of the oldest methods used to anticipate where the U.S. stock market might be heading is making a comeback in 2023 as the Dow Jones Industrial Average...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
U.S. stocks finish higher as Dow industrials book longest winning streak since March 2021 after better-than-expected corporate earningsU.S. stock indexes ended higher on Tuesday after quarterly earnings from major banks bolstered bank stocks. The Dow Jones Industrial Average advanced 366 points, or 1.1%, to end at 34,951, its highest closing level in 15 months:
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
State Street stock dips as KBW downgrades financial firm to market perform on rockier outlookState Street Corp. stock was down 2% in premarket trade on Monday as KBW downgraded the trust bank to market perform from outperform and cut its price target...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
'Rich Dad Poor Dad' Author Expects Stock Market to Collapse, Sees Depression Coming.theRealKiyosaki predicts a severe stockmarket crash is coming. USnationaldebt Bitcoin $BTC
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »