Financial stocks had among the biggest gains among the S&P 500 ‘s 11 sectors in afternoon trading Wednesday, as shares of Citigroup Inc. and Wells Fargo & Co. each jumped more than 7%, according to FactSet data,
Consumer price index data for December showed that core price pressures eased more than expected. S&P 500 futures rose as Wall Street weighed the CPI's implications for Federal Reserve policy as well as positive earnings reports from Dow Jones giants JPMorgan Chase and Goldman Sachs.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
Betsy Graseck, an analyst from Morgan Stanley, maintained the Hold rating on JPMorgan Chase & Co. (JPM – Research Report). The associated
Shares of JPMorgan Chase & Co. JPM rallied 1.33% to $247.47 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.11% to 5,842.91 and the Dow Jones Industrial Average DJIA rising 0.
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
Producer price data signals softer inflation, lifting Dow. Nasdaq, S&P 500 under pressure as Nvidia and Meta fall. CPI report looms for further insights.
JPMorgan Chase & Co. closed $11.18 below its 52-week high ($254.31), which the company achieved on November 25th.
Warren Buffett is the CEO of Berkshire Hathaway, a holding company with a $296 billion portfolio of publicly traded stocks and securities, in addition to several wholly owned subsidiaries. It also has a $325 billion pile of cash,
JPMorgan Chase & Co.’s holdings in Invesco S&P 500 Equal Weight Health Care ETF were worth $6,190,000 at the end of the most recent quarter. A number of other institutional investors have also ...
There are 11 stock market sectors, but only three beat the S&P 500 last year: communications, financials, and consumer discretionary. Even the technology sector underperformed the S&P 500 last year. In fact, only 148 S&P 500 components beat the index last year, meaning over 70% of components underperformed the index.