Investment banking revenue fell 41% to $2.14 billion in the quarter
Wall Street investment bankers, who were neck-deep in deals last year, have seen activity slump in the first half of 2022 amid volatility in the capital markets, geopolitical tensions
The S&P 500 was up 50.87 points, or 1.34%, at 3,841.25, and the Nasdaq Composite was up 120.63 points, or 1.07%, at 11,371.81
JPMorgan, Morgan Stanley report profit miss; PPI surges more than expected in June; Conagra Brands falls on downbeat forecast
Apple's slightly higher expectations for forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that the sales are likely to hold up better than the broader smartphone industry
S&P 500 down for fourth straight session; Twitter jumps as Hindenburg discloses long position; Delta Air Lines falls on Q2 profit miss
PepsiCo rises on upbeat revenue forecast; Gap slides on CEO exit, outlook; Boeing jumps as deliveries reach highest monthly level in 3 years
This sector remains a polarizing one: while some 28% of the overall respondents expressed strong confidence that cryptocurrencies are the future of finance, 20% said they're worthless.
Focus on big bank earnings later this week; US casino operators fall as Macau shuts casinosUS stock indexes slid on Monday, with the earnings season set to kick off in earnest this week amid concerns
Fed Governor Christopher Waller and St. Louis Fed President James Bullard said on Thursday they would support another 75-basis-point rate increase, but forecast a downshift to a slower pace afterward
Weekly jobless claims unexpectedly rise; Samsung results boost chipmakers
Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into 2023
US May factory orders rise more than expected; commodity-linked stocks, banks shares tumble
While investors are at last focused on recession uncertainty, risks elsewhere in the world could hit the US investors too
Dow Jones Industrial Average was down 114.85 points, or 0.37%, at 30,660.58, the S&P 500 was down 9.89 points, or 0.26%, at 3,775.49
US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.
The Dow Jones Industrial Average fell 219.61 points, or 0.71%, to 30,809.70
S&P 500 headed for worst first-half since 1970; the tech-heavy Nasdaq Composite came off session lows but was still set for its largest declines ever for the first-half
US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble
US consumer confidence tumbles in June; Disney rises as Shanghai's Disneyland theme park to reopen; Nike slips on downbeat quarterly revenue forecast