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Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins

Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins

Traders are taking profits in the banks as earnings season begins. JPMorgan Chase (JPM), Citi (C) and Wells Fargo (WFC) announced quarterly results today. While their numbers were mixed, their price action wasn't. All three had rallied into the reports as investors...

Airbnb Tries to Break Out as Recent IPOs Fly Ahead of Established Tech Names

Airbnb Tries to Break Out as Recent IPOs Fly Ahead of Established Tech Names

Airbnb and DoorDash are breaking out as investors shrug at old tech names like Facebook. ABNB rose 5.7 percent yesterday and DASH rose 3.1 percent. Both pulled back from their peaks but still had their highest closing prices ever. There weren't any clear catalysts for...

Last Week’s Economic Data Wasn’t That Bad Despite Big Job Losses

Last Week’s Economic Data Wasn’t That Bad Despite Big Job Losses

Last week featured a pair of bad job reports, but there were other positives. ADP's private-sector payrolls report on Wednesday and the Labor Department's non-farms payrolls report on Friday both missed estimates. They were also negative -- showing actual job losses...

Crisis Over? All of a Sudden, the Global Economy Is Looking Better

Crisis Over? All of a Sudden, the Global Economy Is Looking Better

Energy stocks are rallying. Factories are reopening. Interest rates are rising. All of a sudden, economic data and the stock market are pointing to a broad recovery from the coronavirus pandemic. Yesterday the Institute for Supply Management's manufacturing index...

Market Pulse: Airbnb, DoorDash Driving Historic Surge in IPO ETF

Market Pulse: Airbnb, DoorDash Driving Historic Surge in IPO ETF

IPO frenzy is driving record activity in an exchange-traded fund dedicated to new companies. Renaissance IPO ETF (IPO) traded about 1 million shares on Monday and Tuesday. Those are the two busiest days in its history, and roughly triple the average volume in the past...