Stock Market News Today: Jamie Dimon Says the US Can Avoid a Recession
"I'm calling it storm clouds because they're storm clouds. They may dissipate. If it was a hurricane, I would tell you that," Dimon said.
Source: businessinsider.com
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Stock Market News Today: Market Tries to Rebound From 7 Weeks of Losses
With 94% of S&P 500 companies having reported first-quarter earnings, 76% have beat profit estimates by a median of 9%, according to Fundstrat.
Source: businessinsider.com
Stock Market News Today: Stocks Drop As Retail Earnings Come in
While Target said a mix of poor-selling inventory and higher input costs weighed on profitability, it believes the consumer is still strong.
Source: businessinsider.com
Stock Market News Today: Recession Fears Grow After Weak Retail Earnings
Lowe's also saw an earnings-related decline on Wednesday, and Home Depot sold off considerably despite it beating earnings estimates on Tuesday.
Source: businessinsider.com
Stock Market News Today: Investors Starting to Gauge Risk of Recession
"If I were running a big company, I would be very prepared for it [recession]. If I was a consumer, I'd be prepared for it," Lloyd Blankfein said.
Source: businessinsider.com