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Indexes down: Dow 0.03%, S&P 0.56%, Nasdaq 1.3% Chips, neocloud companies slide as debt concerns linger Gains in banks limit Dow's fall, set for weekly gains (Updates with afternoon trade) By Tharuniyaa Lakshmi and Purvi Agarwal Oct 16 (Reuters) — The benchmark S&P 500 and Nasdaq were set to end the week in the red, wi
By Manya Saini Oct 15 (Reuters) — Quarterly results from Wall Street's big banks this week showedthat even the largest and most robust players of the industry can be vulnerable to the ebb and flow of capital markets. Dealmaking, a cyclical business, slowed in the third quarter and dented investment banking, as rising b
Indexes: Dow up 0.02%, S&P down 0.08%, Nasdaq down 0.12% Citigroup, Johnson & Johnson slip despite higher profits Chip stocks drop as Chinese competition fears mount (Updates after markets open) By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) — Wall Street's main indexes were muted in choppy trading on Tuesday
The banking sector has diverged from the broader equity rally. While the State Street SPDR S&P 500 ETF (NYSE: SPY ) is up about 14% for the year, the five largest U.S. banks, measured by the Invesco KBW Bank ETF (NASDAQ: KBWB ), have collectively dipped around $270 billion from summer peaks. Institutional investors hav
The biggest banks in the US are due to report third-quarter results this week, setting the tone for the rest of the reporting period.JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo are scheduled to release their numbers on Tuesday, while Morgan Stanley and Bank of America are slated for We…
The biggest banks in the U.S. are due to report third-quarter results this week, setting the tone for the rest of the reporting period.
Major indexes ended last week with gains, while Treasury yields and crude oil moved modestly. Taiwan Semiconductor and ASML are among the key earnings reports due this week, alongside several major banks and inflation data.