Stock Market Today: Stocks End Wild Week With a Loss

Stocks closed lower Friday, with the Dow Jones Industrial Average falling 1.3% to 29,634, the S&P 500 Index shedding 2.4% to 3,583, and the Nasdaq Composite surrendering 3.1% to 10,321. Today’s decline had the major market indexes paring the gains earned in Thursday’s whipsaw session, and secured weekly losses for the Nasdaq (-3.1%) and S&P… Continue reading Stock Market Today: Stocks End Wild Week With a Loss

U.S. Markets Fall amid Inflation Worries

U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve’s aggressive rate hike path could lead to an economic recession, while investors digested the early stages of earnings season. In what has been a volatile week for stocks, equities opened higher before reversing course after data from he University… Continue reading U.S. Markets Fall amid Inflation Worries

Citigroup, Wells Fargo and JPMorgan Climb. Is It Time To Buy Bank Stocks Now?

If better-than-expected quarterly results from three of the nation’s biggest financial firms are any indication, there might be bargains lurking among bank stocks. JPMorgan Chase (JPM (opens in new tab), $112.92), Wells Fargo (WFC (opens in new tab), $43.89) and Citigroup (C (opens in new tab), $43.55) marked the unofficial opening of the third-quarter earnings… Continue reading Citigroup, Wells Fargo and JPMorgan Climb. Is It Time To Buy Bank Stocks Now?

This Week in Cannabis Investing: Booker Shows Support for SAFE Banking Act

A flurry of dialogue materialized from the House and Senate in response to President Joe Biden’s executive action last week to pardon thousands of federal marijuana convictions. Senator Cory Booker (D-New Jersey) and Senate Majority Leader Chuck Schumer (D-New York) seem to be changing their tone on the SAFE Banking Act.  Previously, the two Democratic… Continue reading This Week in Cannabis Investing: Booker Shows Support for SAFE Banking Act

Kiplinger’s Weekly Earnings Calendar (Oct. 17-21)

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies. Please check back often. This earnings calendar is updated weekly. Monday (10/17)Tuesday (10/18)Wednesday (10/19)Thursday (10/20)Friday (10/21) (Editor’s Note: Earnings dates in tables are tentative.… Continue reading Kiplinger’s Weekly Earnings Calendar (Oct. 17-21)

Stock Market Today: Stocks Brush Off Hot CPI Update in Major Reversal

Stocks initially sold off Thursday after the latest consumer price index (CPI) showed inflation remained stubbornly high in September, before embarking on a massive rebound to end the day with impressive gains.  The Labor Department this morning said consumer prices ran hotter-than-expected last month – with many experts saying this all but guarantees the Federal… Continue reading Stock Market Today: Stocks Brush Off Hot CPI Update in Major Reversal