NEW YORK - U.S. stocks closed near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street’s big rally back from last year’s slump.
JPMorgan, effectively jump-starting the quarterly earnings reporting season that will dominate investor sentiment in coming weeks, blew past analyst estimates, easing fears that slowing economic growth could weigh on its results. Its stock rose 4.7% and led a broad rally in bank stocks. However, of the 29 companies in the S&P 500 that have reported thus far, 79.3% have come in above analyst expectations.
Healthcare stocks extended their slide, with UnitedHealth Group down 5.2%, Anthem Inc dropping 8.5% and Humana Inc off 2.8%. The S&P 500 Healthcare index slipped 1.0%. Advancing issues outnumbered declining ones on the NYSE by a 1.86-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored advancers.
Sad to see only men up there representing their company
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The S&P 500 ends flat as investors await bank earningsThe S&P 500 ended little changed on Thursday as growing anxiety over a global ec... Merci
Source: Reuters - 🏆 2. / 97 Read more »
Rights groups urge Fortune 500 companies not to hire Trump officials involved in migrant family separation'However strong the opposition, your words are meaningless unless they are backed up with resolute action.' 'Fanatical leftist subversive groups urge Fortune 500 companies not to hire Trump officials involved in illegal alien family separation.' There, fixed your typos, . No charge this time, but if this persists, I'm gonna have to charge you. they wouldn't be separated if they hadnt broke the law When they enter legally...WHY is it Democrats can never discern the difference between 'Illegal immigrants' and LEGAL immigrants? Answer: because they could give a flying fluck, that's why.
Source: Newsweek - 🏆 468. / 52 Read more »
Stocks move broadly lower, threatening S&P 500 win streakGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news. 7/10 of 1% is 'broadly lower' Don't let anyone tell you ABC(D) isn't doing their part to deflect from PDJT roaring economy. JavierSotoTV Javier, pls stop referring to Steven Miller as an “immigration hardliner”. Call him what he is, a white nationalist.
Source: ABC - 🏆 471. / 51 Read more »