Wall Street hangs near its record
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Tuesday marks a critical day for earnings, with JPMorgan Chase, Wells Fargo, Citigroup, State Street, and BlackRock all set to report before the opening bell. Wall Street is hoping a strong showing from financials can sustain the market’s momentum.
Live Updates Live Coverage Updates appear automatically as they are published. AmEx Downgraded 9:34 am Not all today’s banking news is good. S&P 500 component company American Express (NYSE: AXP) got hit today with a downgraded to neutral from Monness,
Several Wall Street investment banks and research organizations have recently lifted their year-end targets for the S&P 500. Bank of America and Goldman Sachs upwardly revised their outlooks in July, following Barclay, Citigroup, and Deutsche Bank, all of which raised their outlooks in June.
Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq. Futures on the Dow Jones and the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading.
Starbucks is forcing its corporate employees back into the office four days a week.
This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.
Three sensational companies have completed stock splits this year -- one of which has split nine times in 38 years.