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-0.000254474510136578 0.000212062091780522 -0.00131478496903894 -0.00299686148104157 -0.00551361438629223 -0.00619221307998985 -0.00828569005004663 -0.00810077190601407
Stock impact report

Stocks rise as higher rates lift bank shares [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
show chapters U.S. equities rose on Tuesday as bank stocks got a boost from higher interest rates as the Federal Reserve's policymaking committee began a two-day meeting. The Dow Jones Industrial Average climbed 60 points as Walmart outperformed. The S&P 500 gained 0.1 percent as energy and financials rose. The Nasdaq Composite traded along the flatline, however, as Apple was under pressure. Shares of Bank of America rose 0.3 percent, while J.P. Morgan Chase and Citigroup gained half a percent and 0.7 percent, respectively. Goldman Sachs advanced 0.2 percent while Morgan Stanley climbed 0.4 percent. Bank stocks gained as the 10-year Treasury note yield climbed to 3.11 percent, near its highest level of the year. The rise in yields comes as the Federal Open Market Committee begins its two-day monetary policy meeting, with analysts expecting the U.S. Federal Reserve to announce a quarter-point rate hike when it concludes its meeting tomorrow. Show less Read more
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