Bank of America CEO Brian Moynihan sees a healthy U.S. economy but growing at a slower pace, with a resilient job market.
Market Snapshot: Dow, S&P and Nasdaq all end at 15-month highs as bank earnings provide a boost
All three stock indexes ended at their highest levels in 15 months, with gains led by banks and technology stocks, helped by upbeat corporate earnings reports, despite retail sales data showing the U.S. consumer was more cautious in June.
Earnings Results: Charles Schwab’s stock on track for biggest one-day gain since March of 2020 after earnings beat
Schwab’s stock jumped 12% in early trade after earnings fell from a year ago but still beat consensus estimates.
Metals Stocks: Gold prices hit 4-week highs as weaker U.S. dollar, lower Treasury yields boost metals
Gold prices climb to their highest level in more than four weeks on Tuesday as weakness in the U.S. dollar and lower Treasury yields help keep prices of precious metals and commodities elevated.
Metals Stocks: Gold prices hit 4-week highs as weaker U.S. dollar, lower Treasury yields boost metals
Gold prices climb to their highest level in more than four weeks on Tuesday as weakness in the U.S. dollar and lower Treasury yields help keep prices of precious metals and commodities elevated.
Economic Report: Strong home-buying demand boosts builders’ business outlook to the highest level since June 2022
Home-builder sentiment rose for the seventh month in a row in July, the National Association of Home Builders said.
Economic Report: Strong home-buying demand boosts builders’ business outlook to the highest level since June 2022
Home-builder sentiment rose for the seventh month in a row in July, the National Association of Home Builders said.
Futures Movers: Oil edges higher after back-to-back declines
Oil futures find support Tuesday, buoyed by expectations for tighter supplies.
Futures Movers: Oil edges higher after back-to-back declines
Oil futures find support Tuesday, buoyed by expectations for tighter supplies.
The Tell: Top JPMorgan strategist sees ‘modestly wider’ path to U.S. soft landing after June inflation blockbuster
Another top Wall Street strategist is tempering his bearish outlook for both the U.S. stock market and economy following last week’s blockbuster inflation report.
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