Stocks / Highlights
Dow 30 Earnings: American Express Fourth Quarter 2016
Ian Gendler | 01/20/2017
American Express (AXP), a Dow-30 component and one of the world's largest providers of credit cards, has reported December-period financial results. For the quarter, share earnings were $0.88, which was well below our expectation, as well as Wall Street's consensus estimate. Increased marketing and promotional expenses were the main culprits behind the lower-than-expected earnings. What's more, revenues came in at $8.0 billion, which was 4% below the year-earlier tally.
Markets / CommentariesStock Market Today: January 20, 2017
Harvey S. Katz | 01/20/2017
Wall Street opened the final full day of Barack Obama's tenure in office on a mixed note, with the recently all-too-familiar pattern of a strengthening NASDAQ being offset by a weakening Dow Jones Industrial Average. In all, the latter index, once on the cusp of the 20,000 mark, is now falling below 19,800. That would seem to put another attempt to cross that threshold out of reach until after Donald Trump's accession to the Presidency. Uncertainties engendered by the likely changes in Washington appear to be behind the market's recent indecision.
Markets / CommentariesStock Market Today: January 19, 2017
Harvey S. Katz, William G. Ferguson ,and Adam Rosner | 01/19/2017
Equities moved lower today, but some buying late in the afternoon helped minimize the damage. At the close of trading, the Dow Jones Industrial Average was off 73 points; the broader S&P 500 Index was down eight points; and the technology heavy NASDAQ was lower by nearly 16 points.
Markets / CommentariesThe Beige Book: A Look At The U.S. Economy At Year End
Harvey S. Katz | 01/18/2017
The Federal Reserve provided a look at the nation's economy at the turn of the year and indicated that the upturn was proceeding at a modest pace on average across most regions of the country. Better manufacturing metrics, generally decent retailing numbers (with the exception of a disappointing holiday season), and improving employment data underscored the generally decent outlook in place as we begin 2017.
Stocks / HighlightsDow 30 Earnings: Goldman Sachs Fourth Quarter 2016
Adam James Platt | 01/18/2017
With an improving operating climate, investors were okay with Goldman Sachs’ fourth-quarter revenues and earnings. Share activity, though, was somewhat muted.
Markets / CommentariesStock Market Today: January 18, 2017
Harvey S. Katz, William G. Ferguson, and Robert Harrington | 01/18/2017
U.S. stocks mostly continued on the same directionless path forged during morning trading, as investors await Friday’s inauguration ceremony and parse through newly released data. Advancing and declining shares were roughly equal throughout the day, while half of the major market sectors reported gains at the end of the session. The indexes were mixed, and largely range-bound, further suggesting a holding pattern by investors before Donald. J. Trump takes office.
Stocks / HighlightsDow 30 Earnings: UnitedHealth Group Fourth Quarter 2016
Erik M. Manning | 01/17/2017
Shares of UnitedHealth Group pulled back even after the company reported healthy top- and bottom-line growth for the December quarter.
Markets / CommentariesStock Market Today: January 17, 2017
Harvey S. Katz, Robert Harrington, and Adam Rosner | 01/17/2017
Stocks opened lower, weakened further in the early afternoon, before recovering some ground in the final hour of the session. At the close of trading, the Dow Jones Industrial Average was down 59 points; the broader S&P 500 Index was off seven points; and the NASDAQ was lower by 39 points. Market breadth was negative, as losers were slightly ahead of winners on the NYSE.
Stocks / HighlightsDow 30 Earnings: JPMorgan Chase Fourth Quarter 2016
Theresa Brophy | 01/13/2017
Banking giant and Dow-30 member JPMorgan Chase & Co. (JPM) tops expectations in the fourth quarter.