The close: Stocks jump as hopes for easing lockdown offset earnings worry [Toronto Globe and Mail (Ontario, Canada)]
Wells Fargo & Company (WFC)
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Source: Toronto Globe and Mail
The close: Stocks jump as hopes for easing lockdown offset earnings worry U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus overshadowed worrying earnings reports from JPMorgan and Wells Fargo. Canada’s TSX also rose, but gains underperformed Wall Street as crude oil prices tumbled. White House adviser Larry Kudlow said President Donald Trump would make a number of announcements about re-opening the U.S. economy in the next day or two as the health crisis appeared to be ebbing, although some state governors have said the decision to re-start businesses lies with them. New York’s total hospitalizations fell for the first time since the onset of the novel coronavirus pandemic, Governor Andrew Cuomo said. “The market is going up on prospects of the economy reopening soon and also the coronavirus (possibly) reaching some sort of peak,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New Yo
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- 10/11/24 - Beat
WFC
Sec Filings
- 11/22/24 - Form 424B2
- 11/22/24 - Form 424B2
- 11/22/24 - Form 424B2
- WFC's page on the SEC website