JPMorgan Chase & Co.'s fourth quarter profits badly missed analysts' expectations on Tuesday, caused by difficulties in the bank's bond-trading business. The nation's largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4.23 billion, or $1.07 a share, in the same period a year earlier. Last year's results were impacted by the passage of...
Continue reading >>U.S. markets showed weakness for the 2nd-straight finish while closing lower as the start of 4Q earnings season heats up this week. Tech and the small-caps were hit the hardest as the overall market had it first back-to-back loss of the year. Concerns over an economic slowdown in China also dampened sentiment along with a flood of Fed speak due the rest of the week. Volatility rose but held...
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Asia Pacific markets started off the trading week mostly on the back foot as China's disappointing trade data spooked investors. Major indexes in South Korea, China, Hong Kong and Singapore tumbled Monday afternoon. The market in Japan is closed for a public holiday. Shares in Asia were lower after Chinese government data showed that December exports and imports fell unexpectedly, deepening...
Continue reading >>U.S. markets showed weakness throughout Friday’s session while ending mostly lower for the first time in 6 sessions. There was strength into the closing bell with the major indexes making a strong push to see green on the flat session. The small-caps showed strength after holding positive territory throughout the second half of action with the Russell 2000 extending its winning streak to...
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