Investors should ignore politics during earnings season, said Jeffrey Kleintop, Charles Schwab chief global investment strategist.
SAN FRANCISCO _ The Charles Schwab Corp. on Tuesday reported second-quarter earnings of $575 million. The San Francisco- based company said it had earnings of 39 cents per share. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share.
U.S. stock index futures pointed to a relatively flat open on Tuesday, as attention shifted to the bumper pack of earnings set to come out.
Markets are back to favoring Wall Street stocks over Main Street stocks as financials boom and retail are pulverized.
Another day of listless trading on Wall Street ended Tuesday with the major stock indexes closing out having shifted marginally from the day before. Investors were making modest moves ahead of Federal Reserve chair Janet Yellen's testimony before Congress on Wednesday and Thursday, and the release of the Fed's Beige Book, an economic snapshot used by the...
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