The Dow Jones today is down on the first major day of Q3 earnings reports.
Investors also await updates from Washington on a potential stimulus plan.
Markets remain in a holding pattern as Congress and the Trump administration continue to haggle over the size of a new deal.
Trump has said that he will approve a deal worth $1.8 trillion.
Democrats are hoping for a larger plan before the election.
The Dow Jones now could rise further as negotiations continue over a Congressional stimulus bill to address COVID-19.
President Trump has floated a potential $1.8 trillion direct stimulus program.
We still have to wait and see what happens in talks with Congress.
by Tom Gentile
We are in the midst of one of the most important earnings seasons to date.
The coronavirus has impacted revenue across the globe, and it isn't over. Now we're getting a glimpse as to how big that impact is.
The pandemic has left 174 million people unemployed worldwide, which has ultimately resulted in $2.1 trillion in lost income. Yet the Nasdaq just hit an all-time high of 11,069.
We don't know which way each stock will go after earnings, but we don't need to…
What we do know is there will be volatility in the coming weeks – and where there's volatility, there's opportunity. There are tons of gains on the table for your taking.
Today, I'm going to show you a strategy that allows you to secure profits no matter what direction stocks move on their earnings reports.
Then I'm going to give five trade recommendations to put this strategy to work now – you want to get into the first one by Thursday… Full Story
The Dow Jones today is off after the Department of Labor reported weaker-than-expected job data in the weekly benefits report.
Weekly jobless claims came in at 1.3 million for the week, slightly higher than the consensus forecast of 1.25 million.
Coronavirus cases have topped 13.2 million cases worldwide.
Here's everything moving the Dow today....
The Dow Jones now is flat as markets prepare for a busy round of earnings reports from the banking sector.
This morning, we'll be looking for earnings reports from JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), and Wells Fargo (NYSE: WFC).
This could be the worst quarter for financial companies since Q4 2008.
Read for more of what's moving the Dow today...
The NASDAQ continues to surge in July – up more than 10% so far.
Major indices don't seem to be hurting from the latest update in COVID-19 cases – and news that corporate profits fell 44% in Q2.
The United States loves its banks.
We have thousands, compared to just six in Canada… but now, we don't need them all – and they're having trouble maintaining profitability.
The Dow Jones could take a dip today as investors await testimony from Federal Reserve Chairman Jerome Powell before the House Financial Services Committee this afternoon.
The testimony will center on the central bank and the Treasury Department's response to COVID-19.
Investors are also watching bank stocks today.
Our Garrett Baldwin believes that we're in the early stages of what could be a nasty recession.
Still, not all the news is horrible.
In fact, we have seen technological innovation accelerate, and this impact will change lives and finances for the better long after the virus has faded into history.
Nowhere is this truer than in banking and personal finance.
The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.
Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.
And he expects GDP to expand by 5% in 2021.
Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.
But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.
The S&P 500 was flat and the down was down 0.6%.
Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.
