U.S. stocks were poised to climb on Thursday as investors braced for a fresh round of earnings reports from major financial institutions and economic data, including a reading on retail sales and weekly jobless claims.
So far the trend appears to be higher for equities, a day after Coinbase Global’s debut on the Nasdaq, marking a major milestone for the crypto industry.On Thursday, investors were poring over a first-quarter report from Bank of America Corp. BAC, +1.42% after it reported profit that more than doubled and beat expectations, citing strong growth in capital markets and lower credit costs. The bank also announced a $25 billion stock repurchase program.
In a moderated discussion sponsored by the Economic Club of Washington, Federal Reserve boss Jerome Powell said the central bank would likely taper asset purchases “well before the time we consider raising interest rates,” riffing off the 2013-14 playbook. Investors are also awaiting remarks from Fed speakers, including Atlanta Fed President Raphael Bostic Speaks at 11:30 a.m. Eastern, San Francisco Fed President Mary Daly at 2 p.m. and Cleveland Fed President Loretta Mester at 4 p.m.
Some stock will rise. Many are not reporting until mid May or even June.
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paper price is manipulated... Physical silver purchases are at an all time high. Inflation is here and will turn into Hyperinflation. LBMA Acknowledges 'Buying Frenzy' In Silver Market And Silver Shortage Fears