Stock Market News Today: US Weekly Jobless Claims Jump to 2021 Levels
So far 90% of S&P 500 companies have reported first-quarter earnings, with 77% beating profit estimates by a median of 8%.
Stay updated with breaking news from Arkets Wrap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
So far 90% of S&P 500 companies have reported first-quarter earnings, with 77% beating profit estimates by a median of 8%.
The CPI report on Wednesday will help guide the Federal Reserve in their interest rate decision at their next FOMC meeting in mid-June.
With 57% of S&P 500 companies having already reported results, 80% are beating profit estimates by a median of 8%, according to Fundstrat.
Shares of Meta Platforms Inc. surged 14% after posting first-quarter results that beat expectations.
A poor earnings report from First Republic Bank sent the stock to new all-time lows as it failed to stem deposit outflows.