A midweek rally followed robust bottom line results from JPMorgan Chase, Wells Fargo, Bank of America and several other large banks. But further interest rate cuts may be needed to sustain momentum.
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Dow futures are falling, the S&P 500, and Nasdaq are rising in premarket trading Thursday as the stock market digests the latest inflation data with more big banks set to report earnings today.
With the Federal Reserve touting a slower pace of easing, markets are expecting a longer pause. But Gov. Christopher Waller said the next interest rate reduction could come as soon as March because of ...
Bank of America (BAC) and Morgan Stanley (MS) are due to report before the open, as are smaller banks including PNC Financial (PNC) and [**U.S. Banc ...