Stock Market News For Jan 16, 2018
Zacks Investment Research | Jan 15, 2018 09:55PM ET
All three key U.S. indexes experienced gains last week on the back of upbeat earnings results from key banks and encouraging economic data. Additionally, energy stocks moved upward following a rally in oil prices. Additionally the passage of the much-awaited Republican tax Bill last year, now known as the Tax Cuts and Jobs Act of 2017 also boosted sentiment. Markets remained closed on Monday due to Martin Luther King Jr. Day.
Q4 Earnings Season Commences
A slew of earnings results from major banks kicked off the fourth-quarter earnings season. Shares of JPMorgan Chase & Co. (NYSE:JPM) rose 1.7% on Friday after its fourth-quarter earnings of $1.76 per share handily surpassed the Zacks Consensus Estimate of $1.69. Its revenues also beat the Zacks Consensus Estimate. (Read More: Zacks Investment Research
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