Stocks soared on Thursday as expectations of reassuring results from bellwethers, including Google, lifted technology shares, while JPMorgan's better-than-expected profit added to bank stabilization hopes.
JPMorgan Chase & Co posted better-than-expected quarterly profit, demonstrating the kind of resilience that allowed Chief Executive Jamie Dimon to assert the bank could pay back the government $25 billion immediately.
Wall Street has high hopes for Google Inc after the bell on Thursday, even as advertising spending remains under pressure and another tech giant, Intel Corp, disappointed some investors.
Stocks rose on Thursday as JPMorgan's better-than-expected profit added to optimism about bank stabilization, while expectations of reassuring technology results boosted bellwethers like Hewlett-Packard and Google Inc .
The S&P 500 and the Nasdaq rose on Thursday after JPMorgan posted better-than-expected earnings and amid a flurry of positive news on the technology front.
JPMorgan Chase & Co reported better-than-expected first-quarter profit as debt trading and underwriting revenue surged, lifting the shares of the second-largest U.S. bank by as much as 4.5 percent.
JPMorgan Chase & Co reported better-than-expected first-quarter profit as debt trading and underwriting revenue surged, lifting the shares of the second-largest U.S. bank by as much as 4.5 percent.
The S&P 500 and the Nasdaq rose on Thursday after JPMorgan posted better-than-expected earnings and amid a flurry of positive news on the technology front.
The Dow and S&P 500 lost ground on Thursday as some investors fretted about the quality of bank earnings, which weighed on financial shares, and after a report that IBM was not interested in further negotiations with Sun Microsystems Inc.
Stocks opened higher on Thursday as JPMorgan Chase & Co reassured some investors about the health of banks after it reported better-than-expected quarterly results and following several positive reports from the technology sector.
Water scarcity means big growth for companies that purify, transport, and distribute the world's most essential resource, but a global recession that has halted new projects and put off price hikes means water investors will have to wait for the boom years.
Stock index futures pointed to a higher open on Thursday as JPMorgan Chase & Co reassured some investors about the health of banks after it reported better-than-expected quarterly results and following several reassuring reports on the technology sector.
JPMorgan Chase & Co reported better-than-expected first-quarter profit on Thursday as improved investment banking performance offset increased losses from credit cards and other consumer debt.
Stock index futures pointed to a higher open on Thursday after top cell phone maker Nokia reassured investors by reaffirming its handset market forecast and a report said that Sun Microsystems Inc is willing to resume takeover talks with IBM .
JPMorgan Chase & Co reported better-than-expected first-quarter profit on Thursday, as improved investment banking performance offset an increase in losses from credit cards and other consumer debt.
JPMorgan Chase & Co
JPMorgan Chase & Co
Stock futures pointed to a lower open on Thursday after the bankruptcy of General Growth Properties offset better-than-expected quarterly earnings from JPMorgan Chase & Co .
U.S. stock futures pointed to a lower open on Thursday after the bankruptcy of General Growth Properties offset better-than-expected quarterly earnings from JPMorgan Chase & Co .
Mutual fund companies including BlackRock Inc are asking the U.S. Securities and Exchange Commission to review rules for participating in the Federal Reserve's TALF program to boost lending, the New York Post said, citing sources.
JPMorgan Chase & Co said on Thursday first-quarter profit fell, as the deepening recession and rising unemployment forced it to set aside more money against losses in its consumer banking business.
British hedge fund manager Crispin Odey of Odey Asset Management said on Wednesday that he believes the current U.S. stock market rally could be lasting.
