Stocks surge thanks to big rally for JPMorgan Chase and other banks

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Stocks surge on positive earnings news from JPMorgan Chase and other banks as investors pause their May selloff. The Dow gains more than 600 points.

Stocks soared Monday, as positive news about earnings from banking powerhouse JPMorgan Chase and comments from President Joe Biden about the possibility of lifting some US tariffs on China boosted sentiment on Wall Street.The Dow gained nearly 620 points Monday, a gain of about 2%. Dow component JPMorgan Chase surged 6% after the Wall Street giant raised its outlook for interest income, a key measure of profitability.

"All measures of uncertainty will remain elevated. At the moment the Fed tells us it's done, the sell-off will reverse," he said.The tech-heavy Nasdaq index was up 1.6% Monday. Talk from Biden about possibly rolling back tariffs on Chinese imports would be good news for the tech sector, which does a lot of business in China.

 

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Its called running up

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If you can not make monthly CC payments to avoid hi interests then you are part of the ones providing those beautiful earnings.

Do you think if we hook a breast pump up to Brian Shelters breasts it could solve the baby formula shortage and should we trust his breast milk as a Reliable Source, alao, is at as reliable as CNN's reporting?

You are not a news agency.

Dead cat bounce

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Fake news

Why is it ok for Hunter biden to get millions from China. PAtrick Ho, had questions about him. Why do Democrats launder money? And Yáll hated Trump who actually did something for his. Hillary sold American Uranium to Russia. Uranium one deal. Tell me, why are Yáll Criminals?

This shit is rigged.

Wow 600!! Still to little to late.. Dems policies failed again

That was a fast recession. Bull market back.

Nice fake pump !! Now let's see the dump

Yeah, of course they had solid earnings on the backs of us fools who are paying double for their energy price manipulation and speculation

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Only another couple of thousand to go...

Biden and the democrats have destroyed my retirement fund !!! Vote them out forever !

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It's a high class casino made up of corporate governed figures and forecasts that doesn't tell the truth about free stock for executive powers traded in for free cash from the people's Treasury and their long-term debt to China and other countries reselling debt for T-Bills.

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ole trumpie after finding out his money cow has became lesser today

Getting rid of ole trumpie's idiot tariffs to China, well well well

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Thank the gods. Some good news. 😁

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now just down 13% for year.

Hopefully it keeps going but it’s only one day after daily poundings for months.

Everything's better!

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