Shares of J.P. Morgan Chase & Co. fell 1.1% in premarket trading Wednesday, even as the banking giant reported first-quarter profit and revenue that beat expectations, as results benefited from an improving economy and credit reserve releases of $5.2 billion.
Shares of S&P Global Inc. inched 0.50% higher to $372.97 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.33% to 4,141.59 and the Dow Jones Industrial Average falling 0.20% to 33,677.27. This was the stock's fourth consecutive day of gains.
The market keeps chasing rising earnings expectations higher, and is now 35% overvalued. Dangerous speculative bubbles are everywhere.
NORWALK, Conn., April 13, 2021 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that ICE Liquidity Indicators™ is now available in FactSet's Portfolio Analytics, offering investment professionals a comprehensive solution to analyze, manage and report on fund liquidity risk and optimize portfolio construction within various regulatory requirements.
No one could have foreseen the degree to which COVID-19 would disrupt lives, economies, and markets worldwide-or could we have? And how can risk managers hope to hedge against future black swan events, those highly rare, high-impact, and widespread occurrences that shake up global markets and are only obvious in hindsight?
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After lapping the beginning of the COVID-19 pandemic, companies could show the strongest profit growth in more than a decade as earnings season kicks off in the coming days. Analysts expect S&P 500 to post profit growth of 24.6% for the first quarter of 2021, according to FactSet estimates, which would mark the highest quarterly growth rate since 2018.
Shares of American Airlines Group Inc. dropped 3.4% in premarket trading Tuesday, after the air carrier provided a first-quarter adjusted loss estimate was wider than Wall Street's projections. The company disclosed in an 8-K filing with the Securities and Exchange Commission said it expects a first-quarter net loss of between $1.2 billion and $1.3 billion.
The U.S. housing market continues to roll along, fed by an increased appeal of suburban and rural living during the COVID-19 pandemic, as well as low interest rates. Home builders and related companies have hitched a ride.
Shares of MSCI Inc. advanced 1.03% to $453.14 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.02% to 4,127.99 and Dow Jones Industrial Average falling 0.16% to 33,745.40. This was the stock's third consecutive day of gains.
Key Takeaways: Early weakness develops after FDA pauses use of JNJ's Covid vaccine due to blood clots On cusp of reporting season, analysts see Q1 S&P 500 earnings up more than 24% Consumer price index reading of 0.6% slightly above expectations but not too shocking After a dull Monday, investors awake this morning to a couple of big news items. That being said, both the consumer price index (CPI) and a pause in the use of Johnson & Johnson's (JNJ) Covid-19 vaccine seem to be having a muted impact on the market.
Shares of Bally's Corp. tumbled 8.6% in premarket trading Tuesday, after the casino operator said it has launched a public offering of $600 million worth of common stock, while also providing an upbeat revenue outlook. The company said it was also offering $250 million worth of its tangible equity units.
Shares of Moderna Inc. shed 1.08% to $139.40 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.36% to 13,850.00 and Dow Jones Industrial Average falling 0.16% to 33,745.40. The stock's fall snapped a two-day winning streak. Moderna Inc.
Here's what we're watching ahead of the opening bell on Monday. Stocks look to be pulling back from last week's record highs. Futures tied to the S&P 500 edged down 0.1% after the benchmark stocks gauge posted its 20th all-time closing high of 2021 on Friday.
A look at some of the key business events and economic indicators upcoming this week: ANOTHER SOLID QUARTER? Wall Street expects that JPMorgan Chase's latest quarterly report card will show the bank is off to a strong start this year.
Shares of Signet Jewelers advanced Monday after the diamond jewelry retailer raised its revenue guidance for the first quarter to between $1.57 billion and $1.6 billion from its previous estimate of $1.42 billion to $1.46 billion. Shares of the Hamilton, Bermuda., company rose 5.26% to $64.29 at last check.
The U.S.-listed shares of Aphria Inc. dropped 7.6% in premarket trading Monday, after the Canada-based cannabis company reported a wider-than-expected fiscal third-quarter loss and revenue that rose less than forecast, citing reduced demand resulting from the COVID-19 pandemic. For the quarter ending Feb.
Pubs in England have welcomed back customers outside after three months of lockdown as the country eases some of its restrictions. CNN's Anna Stewart reports.
It's shaping up to be a risk-off Monday.
The first-quarter earnings season gets underway in the week ahead with banks and financial companies leading the way. The Dow and S&P 500 closed at record highs on Friday as Wall Street looks to put inflation concerns behind them Here's a look at some of the key companies reporting this upcoming week to watch out for.