Stocks closed sharply higher Wednesday, nearly wiping out losses from the previous session, after the Federal Reserve reported it has seen "modest signs of growth" in the economy and as investors focused on strong earnings reports and a slide in the dollar. Boeing and DuPont rose, BofA fell.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 20.
Stocks lost a little ground in the final minutes of trading, but were still significantly higher, after the Federal Reserve reported it has seen "modest signs of growth" in the economy and as investors focused on strong earnings reports and a slide in the dollar. Boeing and Intel rose.
Believing in yourself is the most important life lesson, Larry Fink, BlackRock chairman and CEO, told CNBC Wednesday. But sometimes, it takes others to have that belief first.
Stocks added to gains after several companies posted positive earnings results and as investors shrugged off concerns about the effect of the foreclosure crisis on banks and a rise in Chinese interest rates. Boeing and DuPont rose, while Bank of America fell.
One day does not a market make, but stocks may have hit a temporary rough patch.
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Matching your record up against the greats can make you feel like the market is no place for amateurs, or for those who have a day job that isn't in the markets. That's why it's important to remember that no one's perfect, not even the giants in the industry.
Confidence among investors and chief executive officers remains low amid the prospect of a slow, elongated recovery, Larry Fink said Wednesday.
'One-Decision Stocks' are rare, so even to be considered warrants attention. The airline industry has been so successful of late that companies like this airline deserve a careful look.
Investors are tired of paying high fees to money managers, who live fancy lifestyles.
Stocks snapped a four-day winning streak as the Dow and S&P fell after struggling with direction much of the day despite signs of strength in the U.S. economy. Boeing and American Express fell, while HP rose.
Stocks slipped lower minutes before the close after struggling with direction much of the day despite a strong report on retail sales. HP and Cisco rose, Boeing and American Express fell.
Bank of America plans to identify tens of billions of dollars in assets and businesses that it wants to sell or wind down, in the latest effort to ease investors’ concerns about its holdings of risky securities and loans.
Worries about the role ETFs play in changing the nature of how people invest and the market’s high correlation to itself.
Goldman Sachs, the Wall Street giant, is in talks with at least five potential hirers for traders at its U.S. proprietary trading group headed by Bob Howard.
Goldman Sachs Principle Strategies Unit, the prop trading unit in Goldman Sachs Equity Division, is in discussion with a few potential buyers, including Kohlberg Kravis and Roberts.
With the economy this uncertain and corporate M&A activity on the rise, "this is not the time for investors to just think about IG (investment grade) or high yield as sectors. You want to look at name specific," Fisher said.
What was obvious at last week's annual meeting of central bankers at Jackson Hole, Wy., was that they aren't certain how to conduct policy now that interest rates are near zero. There also are big differences about what to do when things return to “normal.”
From Bank of America's perspective, this is very consistent with the CEO Brian Moynihan's overall message to "slim down the firm to the core assets that he wants to own."