Wall Street turns a blind eye to catastrophic U.S. economic data [MSN Money]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: MSN Money
Wall Street’s interpretation of economic data has always be a curious thing. There are tim wh bad reports are bad news and prompt traders to unload stocks, and tim wh bad is good and sparks furious ralli.Load ErrorTh there’s now, wh bad data seem to mean almost nothing. The figur documting the coronavirus-induced collapse are so horrific -- like 6.6 million new jobls claims last week alone -- it’s hard to fathom them.Moreover, the reports gerally look backward -- not exactly the kind of information that interts traders as they bid stocks higher day after day. Instead, invtors are focused on giant new lding programs from the Federal Rerve, trillions in stimulus from the governmt and thelatt statisticsThis week traders’ ey also are pointed at company earnings, and the forward guidance that com with them, to help asss the pace of a rebound. Many are looking ahead optimistically and betting that some form of economic recovery will come into view soon as governmt officials plot how to allo
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WFC
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- 10/15/25 - Beat
WFC
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- 12/1/25 - Form 424B2
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- WFC's page on the SEC website