US stocks closed higher on Monday as traders eye corporate earnings results and speculate on the Federal Reserve's next move to combat stubbornly high inflation.
Big financial institutions including JPMorgan and BlackRock opened up first-quarter season on Friday, with JPMorgan posting record revenue to handily beat analysts' estimates. CEO Jamie Dimon warned that the US economy is facing loomingShares of Charles Schwab swung after reporting first-quarter results that beat estimates but announcing a pause in share buybacks in response to March's banking crisis. The stock closed 4% higher.
Result continue to roll in this week, with Goldman Sachs, Bank of America, Morgan Stanley, Netflix, and Tesla all set to report this week. Also on Monday, Richmond Fed chief Thomas Barkin said he wants to see more evidence that inflation is cooling back to the central bank's 2% target, Bloomberg
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock markets news: Traders wait for next wave of corporate earningsUS stocks trade mixed as traders wait for next wave of corporate earnings reports 美国股市涨跌互现，交易员等待下一波企业盈利报告 Guess he didn't make an impact...
Source: BusinessInsider - 🏆 729. / 51 Read more »