Strong Bank Earnings, Cool Inflation Data Lift U.S. Stocks
U.S. stocks rose as blockbuster bank earnings and a cooler-than-expected inflation report boosted sentiment, while a profit warning from IBM weighed on the Dow Industrials and dragged software stocks lower.
Wall Street Banks Smash Profit Records
- Wells Fargo CFO Sees Healthy Investment Banking Pipeline 📹 Bloomberg — · 9min
- Wall Street's biggest banks posted record profits as trading and dealmaking surged Quartz —
- US banks smash profit records after trading frenzy Semafor —
- Big Banks’ Profits Surge in Red-Hot Quarter Wall Street Journal —
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings The Straits Times —