Week to date, the broad market index dropped 1.56%, and the 30-stock Dow fell 2.37%. Meanwhile, the tech-heavy Nasdaq is 0.45% lower for the week. JPMorgan Chaseshares declined more than 6% after the bankinggiant posted its first-quarter results. The bank said net interest income, a ke...
Last week's lousy action in the U.S. stock market is no guarantee that the rest of the second quarter will show similar results, according to a Monday note to clients from Deutsche Bank macro strategist Henry Allen. The S&P 500 slipped almost 1% last week, the largest weekly decline in ...
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That pattern unwound a bit Monday, as the majority of Big Tech stocks rose while the smaller stocks in the Russell 2000 index decreased 1.1%. But the Russell 2000 is still up by a market-leading 9.2% for the month so far. The Fed will hold its latest pol...
They helped offset a 2.5% drop for Citizens Financial Group, which reported weaker results for the latest quarter than analysts expected. Energy stocks were holding steadier, including a 0.3% tick higher for Exxon Mobil, a day after sliding to some of the ma...
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"We are expecting that both the bond yield and the oil price will stabilize around current levels. If so, then the Santa Claus rally may proceed through year-end as we project. During the latest stock market correction, the Bond Vigilantes saddled up and were riding high. Now stock investor...