In June, we suggested that the market would go down 5% before it would go up 10%.
Of the 120 companies that have reported so far, 78% have beaten analyst expectations, above the long-term average of 63.5%.
U.S. stocks rose Monday morning as companies unleashed a fresh round of deals and earnings.
The dollar rises to multi-month highs against the euro and Asian currencies. Profits of the S&P’s components are now expected to have risen 1% in the quarter
Draghi says an extension of the bank’s bond purchase program hasn’t been discussed but isn’t likely to end abruptly.
Share of U.S. earnings reports beating expectations at a record high so far this season.
Wall Street rallied broadly on Tuesday, as a slew of better-than-expected quarterly reports.
Strong earnings reports from Hasbro and Bank of America help cushion U.S. indexes.
U.S. stocks climbed, led by the financial sector after three big U.S. banks reported stronger-than-expected profits.
Official data showed Chinese exports fell 10% year-over-year last month. Wells Fargo said Chairman and Chief Executive John Stumpf would step down from both roles immediately.
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY STOCKS OPENED LOWER ON EARNINGS CONCERNS, OIL-PRICE DECLINE British pound stabilizes after four days of declines. Shares of Illumina, up 0.2%, tumbled 25% on Tuesday after the company cut its revenue guidance. Europe’s technology sector was down 2.3%, leading declines, […]