Stocks Slide as Major Banks Face Downgrades from BMO
TL;DR Summary
The Dow Jones Industrial Average rose despite a downgrade for Goldman Sachs, while Wall Street awaited inflation data and earnings from big banks. Coinbase tumbled as bitcoin declined. The 10-year Treasury yield dipped to 3.99%, and oil prices looked to extend gains. Banks are due to report fourth-quarter earnings, and KB Home, PriceSmart, and Smart Global were earnings movers. Nvidia and Tesla traded mixed, while Apple and Microsoft were among Dow Jones stocks in focus.
- Dow Jones Rises As Goldman Sachs Downgraded; Bitcoin Stock Coinbase Slides Investor's Business Daily
- American Express, Goldman Sachs, Citigroup's stocks draw downgrades from BMO MarketWatch
- Bank earnings preview: Goldman Sachs downgraded by BMO Yahoo Finance
- AmEx, Capital One, Ally, Citi, Goldman, Synchrony cut at BMO on credit outlook (NYSE:AXP) Seeking Alpha
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