JPMorgan and Wells Fargo shares fall after earnings reports, while Goldman Sachs rises
The US reporting season has begun with mixed results for the country’s major banks.
BusinessThe US reporting season has begun with mixed results for the country’s major banks.
BusinessTrading on Wall Street was mixed on the first day of the trading week. Technology stocks fell, but Meta, which has launched a new AI model, bucked the trend.
TechnologyThe Stockholm Stock Exchange started the week higher. The OMXS index closed up 0.3 percent.
BusinessExpectations are high for corporate earnings as the reporting season begins. Analysts are less certain that the results will actually lift share prices. “I’d say expectations are quite high, both in Sweden and internationally,” says Jon Arnell, an investment manager at von Euler & Partners.
BusinessWall Street stocks recovered on Friday to close higher, following a turbulent week marked by concerns about rising interest rates and oil prices.
BusinessThe Stockholm Stock Exchange ended the week in the red, with the broad OMXS index up 1.6 percent.
BusinessOil prices are rising again, fueling inflation and interest rate concerns in the US. In New York, the stock market was also dragged down by plunging AI stocks.
TechnologyInflation and interest rate concerns caused the New York Stock Exchange to retreat on Wednesday from the previous day’s record levels.
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