Stock Market News Today | Bank Of America, Morgan Stanley, Abbott In Focus—Analyst Warns US 'Going Broke Slowly' - video Dailymotion

Benzinga

U.S. stock futures advanced on Wednesday following Tuesday’s mixed close. Futures of major benchmark indices were higher.  Among the big banks that reported on Tuesday, surpassing analyst expectations were Wells Fargo & Co. (NYSE:WFC), Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), and Goldman Sachs Group Inc. (NYSE:GS).  Investors are awaiting earnings results from Bank of America Corp. (NYSE:BAC), Morgan Stanley (NYSE:MS), and Abbott Laboratories (NYSE:ABT) today.

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00:00all right futures are in the green here this morning for this wednesday morning october 15th

00:11s p futures up 0.68 dow futures up 0.5 and the nasdaq futures up 0.86 ahead of today's open

00:21let's take a look at some cues from last session industrials consumer staples and financial stocks

00:27recorded the biggest gains on tuesday leading most s p 500 sectors to a positive close though

00:34consumer discretionary and information technology stocks ended up closing lower among the big banks

00:41that reported on tuesday surpassing analyst expectations were wells fargo citigroup jp

00:48morgan and goldman sachs investors are awaiting results from bank of america morgan stanley and

00:54abbott labs here this morning and i believe bank of america is out that's trading higher

01:00morgan stanley i saw that that is out that's trading higher and abt here is trading a little bit lower

01:07on the back of its earnings report meanwhile the futures were rejoicing from comments from the

01:13federal reserve chair jerome powell who said that quote downside risks to employment appear to have

01:19risen end quote this implies more rate cuts are in the cards so maybe we do get our cut here in october

01:26the 10-year treasury bond yielded 4.01 percent and the two-year bond was at 3.47 percent that 10-year

01:34bond is stubbornly hanging on to that four handle we'd love to see that trade into the three handle

01:39some stocks in focus it's going to be some of those banks here bank of america rose 0.76 percent

01:45ahead of its earnings before the opening bell analyst estimates uh estimates excuse me earnings

01:51of 96 cents per share and revenue of 27.5 billion morgan stanley uh that advanced 1.52 percent as

02:01analyst earnings uh estimate earnings at 210 per share on revenue of 16.7 billion and abbott labs uh that

02:09was up 0.36 percent higher ahead of its earnings before the opening bell analyst estimates uh earnings

02:15of 130 per share on revenue of 11.4 billion so of those three abt abbott labs the only stock to trade

02:22lower so far asml also uh in play here today that jumped 3.74 percent after reporting better than expected

02:32third quarter bookings company said net bookings rose to 5.4 billion euro or 6.27 billion in the third

02:41quarter 6.27 billion u.s dollars uh in the third quarter also papa john's shares uh ticker pzza shares

02:50surged 11.69 percent following reports that apollo global management has submitted a new takeover bid

02:56apollo sent papa john's a fresh offer last week to take the pizza chain private for 64 a share that post

03:05was according to reuters by the way ticker pzza did trade up to a high of 57 in the after hours yesterday

03:13currently hovering just beneath 54 at 53 80

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Stock Market News Today | Bank Of America, Morgan Stanley, Abbott In Focus—Analyst Warns US 'Going Broke Slowly'

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