Wall Street, NVIDIA and stocks
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Tuesday marks a critical day for earnings, with JPMorgan Chase, Wells Fargo, Citigroup, State Street, and BlackRock all set to report before the opening bell. Wall Street is hoping a strong showing from financials can sustain the market’s momentum.
It's a trove of information for portfolio managers and macro-watchers to gauge, and trade policy news headlines are likely to continue breaking. On July 9, President Trump announced a surprise 50% levy on copper imports, followed by a steep 50% duty on Brazil. 1 Together, it put the materials sector in focus.
Several Wall Street investment banks and research organizations have recently lifted their year-end targets for the S&P 500. Bank of America and Goldman Sachs upwardly revised their outlooks in July, following Barclay, Citigroup, and Deutsche Bank, all of which raised their outlooks in June.
Live Updates Live Coverage Updates appear automatically as they are published. AmEx Downgraded 9:34 am Not all today’s banking news is good. S&P 500 component company American Express (NYSE: AXP) got hit today with a downgraded to neutral from Monness,
SoFi and Robinhood still have considerable growth ahead simply from monetizing their existing customers. The typical SoFi customer uses about 1.5 products on average, leaving enormous room for cross-selling. Robinhood has continued to introduce various products, including retirement accounts, a credit card, and a prediction market.
Markets previously brushed off tariff risks under the assumption that President Donald Trump would follow his earlier pattern and eventually retreat. That allowed stocks to reach new record-high territory,
JPMorgan Chase raised its net interest income forecast for 2025 after strong results in investment banking and trading helped it surpass profit expectations for the second quarter.
Shares in Asia are mixed after an update on inflation pulled most U.S. stocks lower, though gains for Nvidia pushed the Nasdaq to another record