Big US Banks Report Strong Earnings and Stay Bullish on AI
14 Articles
14 Articles
Big US banks report strong earnings and stay bullish on AI
JPMorgan Chase and Goldman Sachs were among the banking heavyweights reporting higher third-quarter profits due in part to solid trading and financial advisory revenues while describing continued US consumer health despite inflation. Executives face shifting challenges that include the grinding US-Iran war that has raised energy prices and recent moves by the Federal Reserve and other central banks to lift interest rates in light of inflation an…
AI stocks under pressure: Why are Micron and SK Hynix plunging while other chipmakers gain?
Micron and SK Hynix shares posted extended losses on October 13 as concerns over Chinese rival CXMT’s memory chip advances and the sustainability of the AI rally weighed on sentiment. Meanwhile, Nvidia and other chipmakers gained, even as global markets faced mounting AI valuation risks.
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market started higher as major banks opened the earnings season.
Stock Market Today: Dow Rises On Bank Earnings; Micron, Sandisk, SK Hynix Sell Off (Live Coverage)
The Dow Jones index rises Tuesday as JPMorgan and Goldman report earnings. Micron, Sandisk and SK Hynix sell off. The post Stock Market Today: Dow Rises On Bank Earnings; Micron, Sandisk, SK Hynix Sell Off (Live Coverage) appeared first on Investor's Business Daily.
The New York stock exchange opened mixed, influenced by earnings reports from major US banks and losses in the chip sector. The Dow Jones index rose 0.47%, while the S&P 500 and Nasdaq indices declined; selling pressure on chip stocks negatively impacted the market.
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