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Stock Market Today

Wednesday, January 16 2019

Daily Updates

Stock Market Today: January 16, 2019

Harvey S. Katz, CFA and Adam Rosner | 01/16/2019

The stock market made some solid progress today, helped by a batch of constructive corporate profit reports. Although stocks eased a bit in the final hour of trading, the Dow Jones Industrial Average still ended the session ahead 142 points; the S&P 500 Index was up six points; and the technology-heavy NASDAQ was higher by 11 points.

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Stocks Highlights

Dow 30 Earnings: Goldman Sachs Fourth Quarter 2018

Adam James Platt | 01/16/2019

Goldman Sachs reported mixed financial results for the fourth quarter of 2018. The company's revenue and share net figures came in slightly below our expectations, but both marked improvements over the previous-year period, which sent the shares higher.

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Stocks Highlights

Dow 30 Earnings: JPMorgan Chase Fourth Quarter 2018

Theresa Brophy | 01/15/2019

JPMorgan Chase  (JPM) one of the largest banks in the United States and a component of the Dow 30, turned in disappointing results for the final quarter of 2018. The stock slipped modestly on the news. The company reported December-quarter share net of $1.98 and full-year 2018 results of $9.00. Earnings were significantly better than the $1.76 logged in the final quarter of 2017 and full-year 2017 results of $6.87, both adjusted for a $0.69-a-share charge for the upfront impact of the Tax Cuts and Jobs Act.  

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