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.
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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Stock market live updates: Dow rallies 550 points, S&P 500 goes positive for 2020, Tesla hits all-time highThe market rally picked up steam in early afternoon trading, with the S&P 500 turning positive on the year. Follow along with the latest stock market updates here: This is so illogical. The market is going to crash again in the next several months. Yeah but wall Street's really high and Main Streets really low and they're not lining up so that is not an actual strong economy. The headline for this should allude to that if you want to be truly informative. How is that possible with this crisis
Source: CNBC - 🏆 12. / 72 Read more »
Dow surges then fizzles after stocks briefly turn positive for 2020The remarkable stock market comeback of 2020 briefly had another notch in its belt Monday: Stocks once again turned positive for the year. But the sizable rally fizzled late in the day, and the market turned negative. If you believe that an open bar or hair salon spreads the virus but THIS doesn’t - something is wrong with your THINKER 32% (CNBC) of Americans did not pay their mortgage in July. Stock market isn't reflecting Main Street. The disconnect has never been more apparent.
Source: CNN - 🏆 4. / 95 Read more »
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Dow futures up more than 200 points as investors prepare for earnings season kickoffStock-index futures point to a higher start Monday as investors prepare for a tough earnings season and applaud news that the Food and Drug Administration...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market live updates: Dow futures jump 200 points, vaccine hopes, Big Tech higherThis is CNBC's live blog covering the latest market-moving news. Here's what's happening. Vaccines not coming until Jan 2021. I’ve seen nothing that has led me to believe otherwise, a mass amount of people don’t trust vaccines as is. If one’s rushed to market, you think people are taking that en masse? Of course, the same narrative everyday. I can't wait for this dumpster to crash so valuations are logical. Maybe, just maybe, the market doesn't trade on COVID, at all? Maybe it doesn't go up because 'vaccine' or down on 'virus fears'. This narrative is tired.
Source: CNBC - 🏆 12. / 72 Read more »