spot_img
11.5 C
London
HomeInvestors HealthStock Market Today: Stocks at Record Highs as Earnings Season Ramps Up

Stock Market Today: Stocks at Record Highs as Earnings Season Ramps Up



Stocks hit fresh highs on light volume as a quiet economic calendar and a three-day weekend for the bond market focused market participants’ attention on what is forecast to be a strong quarter for corporate profit growth.

Markets continued to power higher Monday, boosted by a strong start to the financial sector’s reporting period. Late last week, JPMorgan Chase (JPM), the nation’s biggest bank by assets, posted a better-than-expected increase in net interest income (NII) and lifted its forecast for the critical revenue stream. At the same time, Wells Fargo (WFC) reported better-than-expected earnings despite suffering a significant drop in NII.



Source link

latest articles

explore more

LEAVE A REPLY

Please enter your comment!
Please enter your name here