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Stocks Stage Rally as Earnings Season Kicks Off: Markets Wrap

(Bloomberg) -- The stock market had its best day since March as better-than-estimated corporate earnings and economic reports outweighed fears that inflation pressures and supply-chain snarls could crimp growth. All major groups in the S&P 500 advanced. The KBW Bank Index -- which has surged almost 40% in 2021 -- pushed higher as results from some of the largest financial institutions beat Wall Street’s estimates. UnitedHealth Group Inc. led gains in the Dow Jones Industrial Average as the hea...
New York United States United Kingdom Morgan Stanley Mark Haefele Kevin Caron

Stocks Stage Rally as Earnings Season Kicks Off: Markets Wrap

(Bloomberg) -- The stock market had its best day since March as better-than-estimated corporate earnings and economic reports outweighed fears that inflation pressures and supply-chain snarls could crimp growth. All major groups in the S&P 500 advanced. The KBW Bank Index -- which has surged almost 40% in 2021 -- pushed higher as results from some of the largest financial institutions beat Wall Street’s estimates. UnitedHealth Group Inc. led gains in the Dow Jones Industrial Average as the hea...
New York United States United Kingdom Morgan Stanley Mark Haefele Kevin Caron

Stocks Roar Back as Earnings Season Kicks Off: Markets Wrap

(Bloomberg) -- The stock market had its best day since March as better-than-estimated corporate earnings and economic reports outweighed fears that inflation pressures and supply-chain snarls could crimp growth. All major groups in the S&P 500 advanced. The KBW Bank Index -- which has surged almost 40% in 2021 -- pushed higher as results from some of the largest financial institutions beat Wall Street’s estimates. UnitedHealth Group Inc. led gains in the Dow Jones Industrial Average as the hea...
New York United States United Kingdom Morgan Stanley Mark Haefele Kevin Caron

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