(Bloomberg) U.S. futures drifted higher, while European and Asian stocks advanced as investors weighed earnings from companies including some of the world’s biggest banks. Treasury yields edged up. Contracts on the S&P 500 Index rose 0.1%, with Goldman Sachs Group Inc. climbing in pre-market trading after its revenue beat estimates. JPMorgan Chase & Co. dropped 0.5% as the bank warned that loan demand remained tepid. Shares of Discovery Inc. fell after Credit Suisse Group AG unloaded about $2 billion of stocks tied to the Archegos Capital Management blowup, including those of the media company. Nasdaq 100 futures outperformed, while European shares got a boost from positive updates by LVMH and SAP SE. Oil rose above $61 a barrel. With global equities hovering near all-time highs, investors are looking to the earnings season for further catalysts. Expectations of a strong profit rebound have helped markets rally, setting the bar high as reporting gets underway. More broadly, investo
(Bloomberg) U.S. stocks pushed higher as investors weighed earnings from companies including some of the world’s biggest banks. Treasury yields increased. The benchmark S&P 500 Index rose from Tuesday’s record closing high, with the energy and industrial sectors leading gains and the communications services industry group pacing the decliners. Goldman Sachs Group Inc. climbed after its revenue beat estimates. JPMorgan Chase & Co. dropped as the bank warned that loan demand remained tepid. Shares of Discovery Inc. fell after Credit Suisse Group AG unloaded about $2 billion of stocks tied to the Archegos Capital Management blowup, including those of the media company. European shares got a boost from positive updates by LVMH and SAP SE. Oil rose above $61 a barrel. “We’re going to get some really strong corporate earnings numbers in this quarter most likely, and the question is is there anything in there that is going to be sustained or is this a one-time surge as we emerge f
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Technology shares pushed U.S. stocks down from a record. Treasuries fell with the dollar. Oil climbed.
PayPal Holdings Inc. and Nvidia Corp. paced losses among tech companies in the S&P 500, which had fluctuated for much of Wednesdayâs session as traders sifted through earnings from some of the worldâs biggest banks. Bitcoin slid from an all-time high in the wake of the debut by cryptocurrency company Coinbase Global Inc. on the Nasdaq.
With equities lingering near a record, investors are looking to the earnings season for further catalysts. Expectations of a strong profit rebound have helped markets rally, setting the bar high as reporting gets underway. More broadly, investors are monitoring vaccine developments for any threats to the economic recovery. The Federal Reserve said in its Beige Book that activity has picked up pace amid an improvement in consumer spending.
(Bloomberg) U.S. futures were steady, while European and Asian stocks advanced as investors weighed earnings from companies including some of the world’s biggest banks. Treasury yields edged higher. Contracts on the S&P 500 Index were little changed, with JPMorgan Chase & Co. down 0.6% in pre-market trading after warning that loan demand remained tepid. Discovery Inc. declined after Credit Suisse Group AG unloaded about $2 billion of stocks tied to the Archegos Capital Management blowup, including those of the media company. European equities got a boost from positive updates by LVMH and SAP SE, while most Asian stocks advanced. Oil rose above $61 a barrel. With global equities hovering near all-time highs, investors are looking to the earnings season for further catalysts. Expectations of a strong profit rebound have helped markets rally, setting the bar high as reporting gets underway. More broadly, investors are monitoring vaccine developments for any threats to the economic rec
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