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Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing

Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.

Yahoo Finance 4 hours ago

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NQ=F
Why this strategist cautions against sector-based investing

As Big Bank earnings beat Wall Street's expectations, Charles Schwab chief investment strategist Liz Ann Sonders adds the financials sector (XLF) to her list of growth sectors: communication services (XLC), consumer discretionary (XLY), and tech (XLK). Despite her expectations that these four sectors will grow, the strategist tells Catalysts Co-Hosts Madison Mills and Seana Smith that only two sectors have an Outperform rating and outlines why sector-based investing may not be the best strategy. Of Sonders' 11 sector views, the only two she has an Overweight rating on are financials and communications. "We continue to think that factor-based investing is maybe more important than sector-based investing," the strategist explains. "Sector-based investing is somewhat monolithic ... [While] factor-based analysis, which is really just screening for investing based on characteristics." "We have had a quality factor bias," she adds, outlining that she looks for strong earnings momentum, healthy balance sheets, ample interest coverage, and strong free cash flow: "We think that will continue to be where performance is more consistent at the factor level than at the sector level. So be really careful about the monolithic kind of investment themes, some of which include sector-based investing." Watch the video above to learn more about the strategist's focus during the fourth quarter earning season. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 37 minutes ago

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Morgan Stanley and Bank of America report robust Q4 earnings

Big Bank earnings are rolling out this week, with Morgan Stanley (MS) and Bank of America (BAC) more than doubling in quarter four after a spike in dealmaking. Mac Sykes, Gabelli Funds portfolio manager, joins Morning Brief to discuss earnings season and the banks’ surge in quarter four. Sykes discusses the favorable environment for banks today. "We now have a normalized curve, so instead of the inversion [there is] a pretty normalized real rate," he explains. "We have regulations that are going to be easier, so that boosts M&A." Sykes also adds that the "consumer activity has been very good." Additionally, Sykes points to how Bank of America's trading underperformed compared to rivals but says repricing of legacy investments is "going forward over the next several years" to boost net interest income. Watch the video above to hear Sykes' full insights on how these factors are shaping the future of Big Bank earnings. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch

Yahoo Finance Video 2 hours ago

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Retail sales, Big Bank earnings, Bessent hearing: 3 Things

US stock futures (ES=F, NQ=F, YM=F) pull back from this morning's session highs as Wall Street digests weekly jobs claims data and December's retail sales, which missed estimates of 0.6% and rose by only 0.4% month-over-month. Earnings season keeps on rolling for the financials sector, with major banks Morgan Stanley (MS) and Bank of America (BAC) reporting their fourth quarter results Thursday morning. Read up on Big Bank earnings as the industry looks ahead to the incoming Trump administration in the latest Morning Brief column. Lastly, President-elect Donald Trump's nominee for secretary of the US Department of the Treasury, Scott Bessent, will be heading to Capitol Hill today to face questioning by lawmakers as part of his confirmation hearing. Senator Elizabeth Warren (D-Ma.) has reportedly prepped over 180 questions for Bessent ahead of Bessent's confirmation vote. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 4 hours ago

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Scott Bessent to face questions about tariffs and Trumponomics 2.0 in Senate grilling

Markets will be monitoring Scott Bessent's Thursday sitdown with the Senate for insights on the early mixed signals about Trumponomics 2.0.

Yahoo Finance yesterday

^DJI
US stocks rise as inflation cools, CPI eases fears

US stocks (^GSPC, ^IXIC, ^DJI) closed higher on Wednesday as inflation cooled, with the December CPI report easing concerns. The inflation data showed the December CPI rising 0.4% monthly and 2.9% annually, while Core CPI, excluding volatile food and energy costs, increased 0.2% month over month and 3.2% year over year. Yahoo Finance reporter Josh Schafer joins Asking for a Trend host Josh Lipton to discuss how falling shelter prices have helped ease inflation fears and could potentially influence Federal Reserve decisions. Additionally, while Big Banks saw positive earnings today, regional banks also saw gains as the broader market watches for further developments in inflation and earnings. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch

Yahoo Finance Video 20 hours ago

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Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading

A better than-expected consumer inflation report sparked a rally in stocks on Wednesday.

Yahoo Finance 21 hours ago

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^IXIC

ES=F
Wells Fargo, Citi, Goldman, JPMorgan stocks gaining on earnings

Big Bank stocks are rising on Wednesday after releasing their fourth quarter earnings, with JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) gaining after reporting strong quarterly results. JPMorgan has touted record full-year profits of $58 billion in 2024. Market Domination Co-Hosts Julie Hyman and Josh Lipton outline the Big Banks' earnings results and stock moves. JPMorgan CEO Jamie Dimon has commented on the "significant risks" he is seeing in the US economy, while also addressing succession speculations and stating that the "base case" for his retirement is still years away. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 21 hours ago

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GameStop, AMC Undercut Key Levels As Risks Compound; Are Meme Stocks A Buy Now?

Meme stocks like AMC Entertainment and GameStop get their price spikes from exceptional buying interest. Adding to that risk, GameStop undercut the 50 day moving average on Tuesday as shares dived 10%. Shares also lost the 21-day moving average for the first time since third-quarter results were announced on Dec. 10.

Investor's Business Daily 1 minute ago

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Europe’s second biggest bank slashes forecast for UK growth

Europe’s second largest bank has slashed its forecasts for growth in the British economy following turmoil in financial markets and weak official data.

The Telegraph 16 minutes ago

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Magnificent Seven Stocks: Nvidia Reverses Lower; Apple, Meta, Tesla Slide

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.

Investor's Business Daily 21 minutes ago

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Is JPMorgan Chase & Co. (JPM) the Best Bank Stock to Buy in 2025?

We recently published a list of 10 Best Bank Stocks to Buy in 2025. In this article, we are going to take a look at where JPMorgan Chase & Co. (NYSE:JPM) stands against other best bank stocks to buy in 2025. 2024 was a stellar year for banking giants in the United States. According to […]

Insider Monkey 24 minutes ago

JPM
Is Bank of America (BAC) the Best Bank Stock to Buy in 2025?

We recently published a list of 10 Best Bank Stocks to Buy in 2025. In this article, we are going to take a look at where Bank of America Corporation (NYSE:BAC) stands against other best bank stocks to buy in 2025. 2024 was a stellar year for banking giants in the United States. According to […]

Insider Monkey 28 minutes ago

BAC
Merrill Lynch Brings More Wealthy Clients to Its Fee-Based Advisory Program

Bank of America’s brokerage unit reported strong growth, as did the company’s private bank, as executives are emphasizing efforts to provide more complex services to wealthier clients.

Barrons.com 38 minutes ago

BAC
Battery-Powered Cars Had a Banner Year. There’s a Risk for Car Stocks.

FEATURE Battery-powered cars had a banner year in 2024, although investors might not realize that from the headlines pointing out slowing growth and outright declines at Tesla Still, raw sales data tells investors something about the future of the auto industry—and the biggest risk to many car stocks.

Barrons.com 39 minutes ago

TSLA
Think the Stock Market Will Soar Again in 2025? The Bond Market Could Be Signaling Otherwise.

The bond market could be signaling otherwise. Ordinarily, there is a direct correlation between interest rates and bond yields, especially the yields of short-term bonds. When rates rise, newly issued bonds typically offer lower coupon rates, reflecting lower borrowing costs.

Motley Fool 42 minutes ago

^GSPC
Stock Rally Stalls as Waller Remarks Boost Bonds: Markets Wrap

(Bloomberg) -- Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsWill Americans Ever Lose Their Taste for Telework?Wall Street also ke

Bloomberg 57 minutes ago

^GSPC
Why TSLA and SNAP Are Retreating Today

Tesla (TSLA) and Snap (SNAP) are among today’s losers, with TSLA sinking nearly 4% and Snap giving back almost 5%. Tesla is dropping on news that the automaker is offering discounts on its Cybertrucks, while Snap is falling because President-elect Trump may attempt to suspend the ban on TikTok’s U.S. business. Tesla’s Cybertruck Discounts Elon […]

Insider Monkey 1 hour ago

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Four Things That Helped Banks Haul in Huge Profits in 2024

How lenders managed to rake in more than investors expected in a year when interest rates started falling and Donald Trump was elected president.

The Wall Street Journal 1 hour ago

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Bonds That Once Haunted Banks Are Now Juicing Profits

Banks are expecting a bump to their core banking income as older, lower-yielding bonds mature and can be reinvested at today’s far higher yields.

The Wall Street Journal 1 hour ago

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BK

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Related News

Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing

Why this strategist cautions against sector-based investing

Morgan Stanley and Bank of America report robust Q4 earnings

Retail sales, Big Bank earnings, Bessent hearing: 3 Things

Scott Bessent to face questions about tariffs and Trumponomics 2.0 in Senate grilling

US stocks rise as inflation cools, CPI eases fears

Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading

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Merrill Lynch Brings More Wealthy Clients to Its Fee-Based Advisory Program

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