Stocks Open Sharply Higher After CPI Report, Big Bank Earnings

6 hours ago · Stocks Open Sharply Higher After CPI Report, Big Bank Earnings. Connor Smith. Wed, January 15, 2025 at 2:32 PM UTC. 1 min read. Stocks Open Sharply Higher After CPI Report, Big Bank Earnings.

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

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6 hours ago · US stocks rallied Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks. The Dow rose by 644 points, or 1.52%, the S&P …

cnn.com

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US Stocks Soar On Slower Inflation And Strong Start To Earnings …

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5 hours ago · Wall Street opened higher on Wednesday as investors cheered signs of further slowing in inflation. The overall annual consumer price index (CPI) rose 2.9% in December, up …

usatoday.com

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Kelly Evans: Stocks Surge On CPI And Strong Banks

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4 hours ago · Speaking of earnings, some of the best stocks in the S&P today are the big banks which put up results this morning. Bank of New York is up 6.5%. BlackRock is up nearly 6%. …

nbcnewyork.com

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Stocks Set To Open Mixed As Investors Await U.S. Inflation Data …

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Apr 8, 2024 · June S&P 500 E-Mini futures are down -0.03%, and June Nasdaq 100 E-Mini futures are up +0.04% this morning as market participants looked ahead to the release of U.S. …

nasdaq.com

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Stocks Tick Higher After U.S. PPI Data And Big Bank Earnings

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Jul 12, 2024 · Stocks are trending higher at the open after the Labor Department's producer price index (PPI), which tracks inflation before it reaches consumers, rose 0.2% from May to June. …

nasdaq.com

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Stock Market Today: Stocks Close Higher Ahead Of December CPI …

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Jan 10, 2024 · On Friday, financial results from several big banks – including Bank of America (BAC, -0.1%) and JPMorgan Chase (JPM, +0.2%) – kickoff Q4 earnings season.While the …

kiplinger.com

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Bank Of America, Charles Schwab Lead Bank Stock Surge After …

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Oct 15, 2024 · The investor response was overwhelmingly positive to the batch of earnings, with Bank of America shares gaining 3% at open, Citi rising 1.7%, Schwab shares soaring 7% (on …

forbes.com

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Stocks Set To Open Lower As Investors Await U.S. Inflation Data …

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Jan 8, 2024 · March S&P 500 E-Mini futures (ESH24) are down -0.16%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.17% this morning as market participants looked ahead to …

nasdaq.com

FAQs about Stocks Open Sharply Higher After CPI Report, Big Bank Earnings Coupon?

How will bank earnings affect the stock market?

Bank earnings could also determine the direction in which the market goes. JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs are all set to post their fourth-quarter results, with analysts predicting far higher profits thanks to solid consumer spending, higher stock prices and trading activity, and a pick-up in dealmaking. ...

What did the CPI report tell traders?

The CPI report, which contained a softer-than-expected monthly core reading, prompted traders to slightly boost their expectations for a quarter-point interest-rate cut from the Federal Reserve by June, and lift the likelihood of a total of two cuts by year-end. ...

What time will the December CPI report be released?

The Bureau of Labor Statistics is slated to release the December CPI report at 8.30 a.m. Eastern Time. Economists expect inflation to have ticked up to 2.8%, per data from FactSet, marking another month without progress toward the Federal Reserve’s 2% target. “US disinflation has plateaued, and this is worrying for investors… ...

Will the stock markets test investor confidence this year?

The stock markets have seen a strong bull run in the past two years, but this year may test investor confidence amid shifting interest rate expectations and lofty earnings forecasts. To start with, the Bureau of Labor Statistics stated that the U.S. economy added 256,000 new positions in December, far more than the 150,000 that had been expected. ...

Will S&P 500 earnings grow in Q4?

Earnings season begins this week as banks begin reporting Q4 earnings. According to Bloomberg Intelligence, analysts estimate S&P 500 earnings to grow 7.5% in Q4, the second-highest pre-season forecast in the past three years. The markets are discounting the chances at 3% for a -25 bp rate cut at the January 28-29 FOMC meeting. ...

Which big US banks beat consensus estimates?

Also, better-than-expected quarterly earnings from big US banks today lift the overall market after Citigroup, JPMorgan Chase, Blackrock, Goldman Sachs, Bank of New York Mellon, and Wells Fargo all beat consensus estimates. ...