News Formal

Stock market today: Stocks rise amid big bank earnings, inflation data

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Nasdaq Composite Nyheter

Earnings Season,Bank Financial,Wholesale Inflation

JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.

US stocks gained ground on Friday as big US banks got earnings season underway and investors weighed the likely impact of a hot inflation print and unchanged wholesale inflation on Federal Reserve policy. The Dow Jones Industrial Average rose nearly 1% as big bank financial updates rolled in. The S&P 500 gained close to 0.6%, and the tech-heavy Nasdaq Composite increased about 0.4% after closing out Thursday with small losses.

All three gauges were on track to finish the first full trading week of October with overall weekly wins. Investors were combing through quarterly results from big Wall Street banks — the traditional starting gun for earnings season. In focus is the potential impact of the Fed's pivot to rate cuts on lending margins and, thus, on profits.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

JPMorgan and Wells Fargo earnings, Tesla stock falls on Cybercab disappointment: Yahoo FinanceJPMorgan (JPM) and Wells Fargo (WFC) kick off earnings season in earnest. Tesla shares tumble with investors left wanting more after Elon Musk unveiled the...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Tech leads stocks higher as oil prices retreat, China rally stallsThe focus is back on the ongoing debate over the economy and interest rates as headwinds ease.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Wall Street holds steady as Shanghai stocks suffer worst drop since early COVIDNEW YORK (AP) — U.S. stocks are holding relatively steady following the latest scary swerves for Chinese markets. The S&P 500 slipped 0.1% in early Wednesday trading.
Källa: SooToday - 🏆 8. / 85 Läs mer »