AllMarket Update
logoArgusJanuary 19, 2021

Market Update: BAC, WFC

Financial Services

Stocks rose on Tuesday morning as investors weighed earnings reports from Bank of America, Goldman Sachs, and Halliburton, and congressional testimony from Treasury Secretary nominee Janet Yellen. The former Fed president said that she would focus on boosting employment and wages, which have been battered by the pandemic, and that economic recovery also depended on the rapid and broad distribution of coronavirus vaccines. The Dow rose 0.3%, the S&P 0.5%, and the Nasdaq 0.7%. Crude oil traded near $53 per barrel, while gold rose $11 to $1840 per ounce.

Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE