US stocks extend rally as bank earnings top estimates

Shares of Morgan Stanley, Bank of America and Charles Schwab all surged after their results topped estimates.

"The theme for today with the banks is 'better than feared,'" said Steve Sosnick of Interactive Brokers. "Unless the news is actively disappointing, everything is being taken as good news."Data out Tuesday showed that US retail sales edged 0.2 percent higher last month, below analyst expectations. "Traders are concerned about economic numbers from China and... remain on the edge," noted Zaye Capital Markets analyst Naeem Aslam.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Global woes won’t dent MIF investment draw, solon says | Jovee Marie de la CruzTIMING is right for the Philippines to set up its Maharlika Investment Fund (MIF) amid fears that headwinds could thrust much of the world into near-recession levels, a senior lawmaker insisted on Monday, the eve of the expected signing of the controversial MIF into law. At a time when the…
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »