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 »
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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...
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Source: CNBC - 🏆 12. / 72 Read more »