Yahoo Finance Financials surge, as big banks kick off earnings season
Stocks (^DJI, ^GSPC, ^IXIC) are rallying modestly at midday after two of three big banks beat on earnings this morning. The financial sector (XLF) is leading, while utilities (XLU) are stuck in the red. Jonathan Corpina of Meridian Equity Partners joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Jen Rogers.
Financials rallying after 3 big banks report
The financial sector is soaring after strong earnings from three big banks. There were standout beats from JPMorgan and Bank of America, but not such good results from Wells Fargo, not surprising given its fake account scandal. We explore the market reaction and dig into the reports.
Everybody needs to get used to a businessman president
President-elect Donald Trump has shown he’s anything but conventional when it comes to taking on the nation’s top job. And while critics may worry about his refusal to sell his business, Yahoo Finance’s Rick Newman is writing today that Trump could be just the beginning of a new wave of corporate leaders who see fresh pathways to political power.
5 additional advantages of getting a college degree
A new study finds there are multiple benefits of getting a college degree (beyond the obvious advantage of preparing you for well-paid, 21st century jobs). The College Board has a report saying college grads get more exercise, are less likely to smoke or be overweight, do more community service and spend more time with their families than people without college degrees.
