Shares of Wells Fargo, on the other hand, dropped 5% after the bank reported a
—its first quarterly loss since the 2008 financial crisis—and slashed its dividend to 10 cents per share.higher in recent weeks, declined on Tuesday as investors took profits and rotated back into cyclical stocks. The stock market continues to largely hold steady despite a backdrop of surging coronavirus infections across the country: The U.S. reported record numbers of daily new cases last week, with many states now rolling back reopening plans.
But market sentiment got a boost after Florida reported a decrease in daily coronavirus cases, while California’s rate of increase declined slightly from Monday.“Stocks already are pricing in a steady economic recovery beyond 2020 that may be supported if we receive breakthrough treatments to end the COVID-19 pandemic,” said LPL Financial in its mid-year outlook. “However, the optimism we see reflected in the S&P 500 Index now may limit the size of the gains over the rest of the year.
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skleb1234 $JPM JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit JPMorgan earnings revenue trading Shares investment filingsearch wednesdaymorning
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