Market muted, but higher, amid mixed bank numbers
- Stocks are bouncing back slightly after the previous session's
declines, but while gains are fairly broad, there's not much conviction
following more mixed earnings.
- The S&P (SP500) is up 0.1%, the Nasdaq (COMP) is up 0.2% and the Dow
(NYSEARCA:DIA) is climbing 0.1%.
- Bank earnings underscored the divide between commercial banking and
investment banking, as Goldman +1% shines and BofA -2.5% struggles.
- Communications Services (NYSEARCA:XLC) as Netflix is climbing again,
+2.9%, catching price-target boosts from Goldman and Cowen.
- Energy (NYSEARCA:XLE) is the best-performing sectors as crude futures
rise 2% and top $41/barrel.
- Consumer Discretionary (NYSEARCA:XLY) is a good sector to examine
again for the volatility and the uncertainty in this market and where it
wants to go. Cruise lines are leading after getting slammed yesterday,
while the lockdown favorites like Dollar General, which surged yesterday,
are giving back gains.
- Ford is the hardest hit in XLY after it delayed the launch of its
plug-in hybrid Escape SUV.
|Today, 9:35 AM
- Stocks are bouncing back slightly after the previous session's
declines, but while gains are fairly broad, there's not much conviction
following more mixed earnings.
- The S&P (SP500) is up 0.1%, the Nasdaq (COMP) is up 0.2% and the Dow
(NYSEARCA:DIA) is climbing 0.1%.
- Bank earnings underscored the divide between commercial banking and
investment banking, as Goldman +1% shines and BofA -2.5% struggles.
- Communications Services (NYSEARCA:XLC) as Netflix is climbing again,
+2.9%, catching price-target boosts from Goldman and Cowen.
- Energy (NYSEARCA:XLE) is the best-performing sectors as crude futures
rise 2% and top $41/barrel.
- Consumer Discretionary (NYSEARCA:XLY) is a good sector to examine
again for the volatility and the uncertainty in this market and where it
wants to go. Cruise lines are leading after getting slammed yesterday,
while the lockdown favorites like Dollar General, which surged yesterday,
are giving back gains.
- Ford is the hardest hit in XLY after it delayed the launch of its
plug-in hybrid Escape SUV.
|Today, 9:35 AM
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