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Stocks jumped to new highs this week thanks to Pfizer's coronavirus vaccine, but it's also causing major changes in the market. After all, investors have had certain assumptions for months: People would stay home and avoided public places. Millions would remain out of...
Jamie Dimon has been a major player at the Federal Reserve and run two of the country's biggest banks. Now he's the latest to jump on the cryptocurrency bandwagon. CNBC reported this morning that Dimon's bank, JPMorgan Chase (JPM), has started using its digital...
Major banks kicked off earnings season much as the market expected -- still struggling with the coronavirus recession. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) reported third-quarter results this week. JPM and C beat estimates...
Stocks began August on a strong footing, with some potentially big changes happening in the market. The S&P 500 rose 2.5 percent between Friday, July 31, and Friday, August 7. The index has now retraced its entire decline since the coronavirus selloff began in...
Some new trends are emerging as the market potentially looks for the coronavirus pandemic to ease. Small caps, industrials and retailers are showing signs of relative strength so far in August -- a big change from last month. Those sectors have lagged since the crisis...
Earnings season has begun on a weak note as banks struggle and Netflix said its blistering growth will slow. The four biggest U.S. lenders -- JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC) and Wells Fargo (WFC) -- have issued quarterly results. JPM, C and...
The Federal Reserve is set to release the latest stress test results for banks on Thursday, June 25th after the U.S market close. The central bank began conducting the stress tests in 2009, in response to the devastating effect of the global financial crisis. The...
Since the global financial crisis in 2008, the theme in the overall market has been drastic outperformance in large-cap technology stocks such as the “FANG” names- Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google (GOOGL). The aforementioned names are members of...
Financial stocks jumped yesterday, triggering a big trade in the options market. The SPDR Financial ETF (XLF) surged 5.2 percent on Tuesday, its biggest rally in more than a month. There was also heavy options volume as 60,000 contracts traded in a single transaction...