FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/Files
An upbeat second-quarter report by PepsiCo Inc lifted Wall Street early on Monday, but the S&P 500 and Nasdaq ended the session lower on new coronavirus restrictions in California and a resurgence in U.S.-China tensions. JPMorgan Chase & Co and Citigroup Inc, which have substantial lending businesses, could see a sharp plunge in net income in the April-June quarter that witnessed the biggest blow to businesses activity.
Meanwhile, tensions between Washington and Beijing escalated further after the United States rejected China’s disputed claims to offshore resources in most of the South China Sea.
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:
Strange because banks earnings are going to be a disaster
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks rise on eve of earnings season as traders look past virus spikeEuropean stocks rose on Monday, as optimism surrounding second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key U.S....
Source: MarketWatch - 🏆 3. / 97 Read more »
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 »
5 things to know before the stock market opens MondayDow futures rally even as U.S. coronavirus cases continue to spike. PepsiCo kicks off the earnings season. . Number 1 don’t invest in pzifer or vaccines !! Joe Kernan‘s snarky interview of a professional educator who is genuinely concerned for the health of her students and colleagues, clealy shows he is another realDonaldTrump lapdog.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer's earnings watch: 'If the banks get hammered, things could get ugly''This is the week when we find out if the real world is going to intrude on the stock market world,' the 'Mad Money' host said. Oh no let's give them....MORE MONEY. As ugly as Jimmy saying I got my Mom in Enron Thats fucing ugly
Source: CNBC - 🏆 12. / 72 Read more »
Goldman Sachs says S&P 500 earnings per share will plunge 60% this quarter, the biggest decline since 2009 | Markets InsiderUS banking giant Goldman Sachs says it expects S&P 500 earnings per share to drop 60% in the second quarter, the biggest decline since 2009 ... Bullish Impeached HiddenTaxes CongressionalNonCompliance ObstructionOfCongress AbuseOfPower GOPRepublicansgaveTrumpAWalk RussianBounty Russianreceipts Tre45on FailedLeadershipOnCOVID19 NoNationwideCOVID19Testing NoContactTracing RemoveGOPFromOffice Top2BottomFailure
Source: BusinessInsider - 🏆 729. / 51 Read more »