Daily Stock Market News

Stock Market Today: Stocks Hit Fresh Highs on Bank Earnings, Econ News


Stocks once again hit fresh all-time highs, boosted by strong quarterly reports from some of the nation’s biggest banks and economic data suggesting the economy remains on a glide path for a soft landing. Although Friday’s gains were broad-based, one Magnificent 7 stock had a very bad day.

Market participants were finally able to take their eyes off macro on Friday and instead focus on corporate profits. Happily, they liked what they saw when JPMorgan Chase (JPM) and Wells Fargo (WFC) unofficially kicked off third-quarter earnings season with better-than-expected results.



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