Dow Soars 700 Points: Bank Earnings, Inflation Data Boost Stocks

9 hours ago · Major stock indexes rose sharply Wednesday morning: The Dow Jones Industrial Average was up 1.6%, or about 700 points, shortly after 10 a.m. EST, the S&P 500 climbed …

6%
OFF

Dow Soars 700 Points: Bank Earnings, Inflation Data Boost Stocks

2 weeks from now

9 hours ago · Major stock indexes rose sharply Wednesday morning: The Dow Jones Industrial Average was up 1.6%, or about 700 points, shortly after 10 a.m. EST, the S&P 500 climbed …

forbes.com

2%
OFF

Dow Surges 700 Points While Nasdaq Climbs 2.2% Rally On Strong …

2 weeks from now

8 hours ago · A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The …

yahoo.com

2%
OFF

Dow Jones Surges 700 Points, S&P 500 Jumps 2% On Inflation …

2 weeks from now

53 minutes ago · The Dow Jones surged 700 points, also aided by strong results from heavyweight banking names like JPMorgan, Goldman Sahcs and Citigroup. The S&P 500 rose …

cnbctv18.com

$1.72
OFF

Dow Surges 700 Points, S&P 500 Posts Best Day Since November …

2 weeks from now

1 day ago · The bank reported $1.72 in adjusted earnings per share on $4.85 billion of revenue. Analysts surveyed by LSEG were expecting $1.56 per share and $4.66 billion in revenue. …

nbcnewyork.com

8%
OFF

Stock Market Today: Dow Jumps 700 Points, Nasdaq Soars 2.5

2 weeks from now

13 hours ago · The benchmark S&P 500 popped more than 1.8%, while the Dow Jones Industrial Average rose more than 1.6%, or over 700 points. Meanwhile, the tech-heavy Nasdaq Composite ( ^IXIC ) soared 2.5%.

yahoo.com

82%
OFF

Wall Street Rallies On Robust Bank Earnings And Positive News On …

2 weeks from now

The Dow surged around 775 points, or 1.82%, in afternoon trading. The S&P 500 rose 1.97% and the tech-heavy Nasdaq moved higher by 2.6%. Stocks started the day on a strong note, with …

msn.com

4%
OFF

Dow Soars 600 Points, S&P, Nasdaq Rise Over 1.4% After Inflation …

2 weeks from now

10 hours ago · Wall Street's major indexes surged on Wednesday with the S&P 500 reaching a one-week high due to lower-than-expected core inflation data for December and strong …

indiatimes.com

4%
OFF

Dow Jumps 700 Points, Analysts ‘Cautiously Optimistic ... - Forbes

2 weeks from now

Jul 19, 2022 · The Dow Jones Industrial Average jumped 2.4%, over 700 points, while the S&P 500 gained 2.7% and the tech-heavy Nasdaq Composite 3.1%.

forbes.com

2%
OFF

Dow Surges 700 Points While Nasdaq Climbs 2.2% Rally On Strong …

2 weeks from now

8 hours ago · A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The …

gurufocus.com

2%
OFF

S&P 500 News: Inflation Eases, Tesla Soars, And Goldman Sachs …

2 weeks from now

7 hours ago · Wall Street surges: S&P 500 hits a one-week high as inflation data eases and major banks post strong earnings. Core CPI rises 3.2%, below the 3.3% estimate, driving the 10 …

fxempire.com

FAQs about Dow Soars 700 Points: Bank Earnings, Inflation Data Boost Stocks Coupon?

Why did the Dow rise 700 points?

The Dow Jones surged 700 points, also aided by strong results from heavyweight banking names like JPMorgan, Goldman Sahcs and Citigroup. The S&P 500 rose 2% in its biggest single-day gain since the US election aftermath. The Nasdaq too gained nearly 2.5% or 450 points. A Bloomberg gauge of the “Magnificent Seven” megacaps rallied 3.7%. ...

What boosted investors' confidence in a softer-than-expected December Inflation Report?

A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The S&P 500 and Nasdaq Composite likewise added 1.7% and 2.3%, respectively, while the Dow Jones Industrial Average rose 725 points, or 1.7 percent. ...

Why is the S&P 500 rising 5% in January?

"One, you've got inflation that is not out of control, so it leaves the door open for more easy money from the Fed. And two, you have earnings from the big banks, which are coming in so far as being bullish." The S&P 500 banks Index rose 1.9%, setting it on track to log gains of about 5% in January. ...

What happened to the stock market amid inflation news?

Amid the unexpected inflation news, the Dow Jones Industrial Average sold off 2.3%, while the S&P 500 dropped 2.7%. The tech-heavy Nasdaq composite traded down 3.4% in morning action. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust ( QQQ) fell 3.2%, and the SPDR S&P 500 ETF ( SPY) lost 2.4% in early trade. ...

How did the KBW Bank Index perform in December?

The KBW Bank Index surged 4.1% as Citigroup Inc., Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. kicked off the earnings season. The US CPI rose in December by less than forecast, reinvigorating bets the Fed will slash rates sooner than previously thought. Swap traders are back to fully pricing in a rate cut by July. ...

Is the inflation report standing in the way of a favorable trading day?

"After strong quarterly figures from U.S. banks, the inflation report is not standing in the way of a favorable trading day," said Jochen Stanzl, chief market analyst at CMC Markets, in a note. "We are now seeing falling (inflation) rates precisely where the shoe pinches the most, namely in core inflation. ...