Wall Street closes higher as Yellen backs more stimulus [Reuters]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Reuters
Wall Street closes higher as Yellen backs more stimulus By Echo Wang 3 Min Read (Reuters) - Wall Street’s main indexes rose on Tuesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world’s largest economy ride out a pandemic-driven slump. At her confirmation hearing, Yellen said the benefits of a big package outweigh the costs of a higher debt burden. President-elect Joe Biden, who will be sworn into office on Wednesday, outlined a $1.9 trillion stimulus package proposal last week to jump-start the economy and accelerate the distribution of vaccines. “Today it’s really all about Janet Yellen, and the push that she is taking for stimulus,” said Thomas Martin, senior portfolio manager at Globalt Investments in Atlanta, adding that the focus on stimulus “sets an underpinning for the markets to continue to move higher.” With earnings season underway, Bank of America initially rose as it also topped fourth-quarter
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/22/24 - Form 424B2
- 4/22/24 - Form 424B2
- 4/22/24 - Form 424B2
- JPM's page on the SEC website