The Dow Jones today won't shift much after China announced its slowest economic growth rate in decades… … but one major investment bank expects a big rally from the S&P 500 by the end of the year. Details below. Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq: Index Previous Close […]
Citigroup Inc
Why the Dow Jones Industrial Average Will Lose More Than 100 Points Today
The Dow Jones Industrial Average is off today as investors anticipate a selloff following comments from Federal Reserve Chair Jerome Powell.
He’ll speak on the results of some banking stress tests, but investors don’t expect any definitive message about Fed rate cuts.
The Dow Jones Industrial Average Falls on Dashed Hopes of a July Rate Cut
The Dow Jones Industrial Average is down today as investors worry the Federal Reserve will not cut interest rates at the end of the month.
This week, Federal Reserve Chair Jerome Powell will testify before Congress on the state of the U.S. economy.
His statements could easily make or break the recent market rally.
Why Dow Jones Today Is Rising Ahead of the G-20 Conference
The Dow Jones today will gain on positive sentiment around the G-20 Conference.
President Trump and Chinese President Xi Jinping are holding their firm positions on tariffs, but continued diplomacy has made investors optimistic.
The Shockingly Tiny Earnings Number That Could Shift the Entire Market
JPMorgan Chase & Co. decisively moved the markets on Friday with its reported record Q1 revenue and earnings; CEO Jamie Dimon's positive economic outlook helped boost not only the stock, but the market in general.
And that's about as good as it got for the big banks… From there, it seemed like no amount of good news – and there was some good news – was enough to pull stocks out of the funk.
Wells Fargo also reported good earnings and a decent outlook, but its volume of loans and deposits were down more than analysts were expecting. WFC shares were up in the Friday pre-market – perhaps on JPMorgan's coattails… and promptly plummeted for the rest of the day.
In Monday pre-market moves, two more of the "Big Six" U.S. banks reported earnings, and it didn't go that well. Goldman Sachs tumbled 3%; earnings beat estimates… but revenue dropped 13% year over year. Citigroup also reported strong earnings and reduced revenue, though it had much less of a drop than Goldman. Citigroup's stock "only" fell 0.5%.
On balance, a dreary, lackluster story… so far.
But that's not the whole story.
Dow Jones Industrial Average Is Flat Early Today After Disappointing Bank Earnings
The Dow Jones Industrial Average will rise only by a small margin after modest earnings reports from Goldman Sachs Group (NYSE: GS) and Citigroup (NYSE: C).
The Dow Jones Today Is Treading Water After the Yield Curve Inverted
Recession has become the talk of Wall Street since Treasury yield curves inverted last week.
Benchmark 10-year U.S. bonds have reached their lowest levels since 2017.
Dow Jones Industrial Average Slumps 193 Points as Weak Earnings Rattle Investors
The Dow Jones Industrial Average projected a 193-point decline in premarket hours as earnings season kicks off today.
Why Investors Are Walloped with a Constant "Bliss Blitz"
Investors are being targeted by an all-out media blitz. But it's a funny kind of blitz – none of the violence you'd normally associate with the word. There's a reason for that, as we'll see.
It's a decidedly opiate affair, this blitz. It's calm, soothing, numbing, and permeated with a "don't-worry, all-good" message on near-endless repeat.
Try this: Think of the last time you read, heard, or saw something about "exploding earnings," "synchronized global growth," or "record levels of consumer confidence."
I'll bet it wasn't long ago at all. In fact, I'll go so far as to say you probably read words to that effect today.
So why is the mainstream media going out of its way to spread… calm and tranquility?
I'll show you the answer in a minute, when we dive into what I can only call a "masterpiece of misinformation" from a trusted American news organization.
Dow Jones Industrial Average Pushes Higher as Federal Reserve Prepares to Hike Interest Rate
The Dow Jones Industrial Average jumped 19 points premarket hours as investor awaited confirmation that the Federal Reserve intends to raise interest rates.