Stock market today: Indexes stage rallies ahead of mega-cap earnings [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Traders are gearing up for earnings from high-profile firms, looking for a new catalyst to restart the first-quarter rally. Tesla will report earnings after the closing bell on Tuesday, followed by Meta on Wednesday. Stocks rallied on Monday, with the S&P 500 rising nearly 1% to snap a six-day streak of losses. Investors are turning their attention to earnings reports due up from high-profile companies. Tesla will report Tuesday after the closing bell, with Wall Street analysts eyeing potentially more pain for the car company amid the stock's 43% decline already in 2024. "Facing an investment thesis pivot and a sea of uncertainty, this Tesla call is extra highly anticipated," Barclays analysts wrote. "Expect negative catalyst." The narrative in the market has been downbeat, with major averages all losing ground last week amid a weakening macro outlook. The market's view of rate cuts in 2024 has dimmed amid stubbornly high inflation and hawkish Fedspeak that has recalibrated
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