• Quotes
  • Shortcuts
The Executive's Internet
Thurs, Oct 28th



Setup News Ticker
Searching for 'Points Market'. (Return)

MarketWatch MarketPulseOct 28, 2021
Stocks open higher, shrugging off GDP slowdown as investors focus on earnings
Stocks opened slightly higher Thursday, with investors looking past a sharper-than-expected slowdown in third-quarter economic growth as strong corporate earnings results continue to roll in. The Dow Jones Industrial Average rose 105 points, or 0.3%, to 35,596, while the S&P 500 gained 21 points, or 0.5%, to trade at 4,573. The Nasdaq Composite rose 64 points, or 0.4%, to 15,300. The U.S. economy grew at an annualized rate of 2% in third-quarter, according to an initial reading of gross domestic product, the official scorecard of the American economy. The reading marked the slowest growth rate since the 2020 recession and was far weaker than expectations of 2.8%, slowing from 6.7% in the second quarter.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

MarketWatch MarketPulseOct 27, 2021
Financial stocks suffer broad weakness as Treasury yields drop, Capital One's results disappoint investors
Financial stocks took a broad hit Wednesday, as investor disappointment over Capital One Financial Corp.'s third-quarter results and the biggest drop in benchmark Treasury yields in three months acted as drags on the sector. The SPDR Financial Select Sector ETF fell 1.2% in afternoon trading with 57 of 65 equity components trading lower, while the S&P 500 tacked on 0.2%. Capital One's stock tumbled 7.5% to pace the losers even after the financial services company reported third-quarter earnings that rose above expectations, helped by a $770.0 million reserve release. If the reserve release was excluded, the company would have posted a net income decline, and earnings per share would have been reduced by about $1.75. Among other more heavily weighted components of the financial ETF (XLF), shares of Bank of America Corp. shed 1.3%, JPMorgan Chase & Co. gave up 1.9%, Wells Fargo & Co. fell 0.4%, Citigroup Inc. lost 0.7% and Goldman Sachs Group Inc. gave up 1.0%. The yield on the 10-year Treasury note fell 8.4 basis points to 1.535%, the biggest one-day drop in yields since July 19, after data showing a decline in durable goods data. Lower long-term yields can eat into bank profits, as that can lower the spread banks earn as they fund longer assets, such as loans, with shorter term liabilities.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

earningsStock Q3 Beat Call Estimates
StockEarnings Buy Revenue Profit Outlook
TaxDemocrats billionaires plan billionaire How
StocksBuy biggest These Watch earnings
ClimateOil Executives Testify Disinformation Change
Chinahypersonic test moment general Climate
Economicgrowth slows 2% rate sharp
BidenHouse framework bill spending Democrats
plantax billionaire Democrats plane diverted
SalesMcDonald beat profit Earnings Latest

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2021 CEOExpress Company LLC