Stocks rebound in a big way led by a beaten down energy sector. Is this the start of good things to come? While that question remains to be answered, it was good day for some individual stocks. JPMorgan topped earnings and revenue estimates for the quarter. Dick Bove of Rafferty Capital broke down the big bank's performance.
Winners & losers
Stocks getting swept to the downside were GoPro, Best Buy, and WebMD—the health advice site reversing lower after it refuted an FT report claiming WebMD was exploring a sale.
Stocks pulling higher today include Exxon, Microsoft, and LendingTree—the online loan marketplace popping after its board of directors authorized a $50 million buyback of the company's stock under its existing stock repurchase program. The announcement comes on the heels of yesterday's big selloff.
Peter Schiff on the markets
Markets rebounded today, but will 2016 be a big down year for the market? My next guest says it will. Joining me now is Peter Schiff, CEO of Euro Pacific Capital and author of the book "The Real Crash."
- Both Citi and Wells Fargo are set to report crucial earnings reports in the morning. Yahoo Finance's Market Movers will have those numbers live at 8:30 a.m. ET;
- We'll get a read on the holiday shopping season when the Commerce Department releases U.S. retail sales figures for December;
- And we'll get more information on the inflation picture in America, this time from the business end of things with December PPI, or Producer Price Index.