Big Banks Biff Earnings | Wall Street Stories

Morning traders, and happy Friday, June 12th. The largest financial institutions reported earnings this morning, showing declining revenue and guidance so far. My name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.

Kevin TraversJul 12 10:51 ET

Indexes Back in the Green Friday Morning, PPI Was Warm | Market Story

As a general recap, the market was advancing, and the S&P 500 and Nasdaq climbed higher after a one-day pullback. Shortly after 10:20 am EST, the  $S&P 500 Index(.SPX.US)$ climbed 0.51%, the &

Moomoo NewsJul 12 10:31 ET

Express News | US June PPI YoY +2.6% Vs +2.3% Forecast, Prior +2.2%

Moomoo NewsJul 12 08:30 ET

Zhitoon Hong Kong shares unpick | Fed's September rate cut is unsurprising, pay attention to bottom switching.

The Hong Kong stock market is highly sensitive to US inflation data, and it directly jumped and steadily rose today, closing up 2.59%.

Zhitong FinanceJul 12 08:14 ET

The Nasdaq fell nearly 2%, with the largest selling volume of the 'Seven Sisters' in a year and a half, while small caps and Chinese concept stocks surged, and US bonds rose sharply.

Comprehensive cooling of US inflation, September rate cut betting pushing US stocks rotation, S&P and Nasdaq ended seven-day consecutive gains and moved away from their highs, Tesla plummeted 8.4%, the worst in nearly half a year and stopped 11-day consecutive gains, Nvidia fell 5.6%, and the chip index fell 3.5%. The Russell 2000 small-cap stocks rose 3.6%, the best since November last year and the highest in two and a half years, and the worst-performing real estate sector this year had the largest increase in the year. US bond yields fell sharply across the board, with the US dollar falling the deepest in two months. The yen rose by 2.6% at one point, the biggest gain since the end of 2022, and anonymous officials confirmed that the government intervened to rescue the currency.

wallstreetcnJul 12 03:31 ET

S&P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report

The stock market had a "buy-the-rumor, sell-the-news" move on Thursday after a tamer inflation data sent the major averages sharply lower, with the sell-off spearheaded by mega-caps and big techs.

BenzingaJul 12 02:19 ET