JPMorgan set to post strong Q4 2024 results
Wall Street expects JPMorgan Chase to report higher fourth quarter earnings and revenue than a year earlier. The Federal Reserve Bank of New York meanwhile releases the Empire State Manufacturing Index, projected to drop to negative 2 from December’s 2 and November’s 31.2, signaling contraction unless data beat forecasts.
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Federal Reserve Bank of New York
U.S. stocks rise after inflation update but Lilly weighs market
Major index gains slim as S&P 500 edges up 0.1 percent on Tuesday while Eli Lilly declines. United Rentals remains a standout with gains and the rental company plans to acquire H&E Equipment Services, influencing the market tone. KB Home also mentioned in passing as a related stock move.
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Markets Rise After Softer Wholesale Inflation Data
Stocks edged higher with the Dow up 0.5 while the Nasdaq slipped 0.2 as a wholesale inflation report beat expectations. Homebuilder KBH rose to 67.17 and beat Q4 earnings forecasts, while Signet Jewelers SIG jumped after trimming its Q4 sales forecast to 58.00.
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Signet Jewelers Sig Close
Court reduces sentence after drug treatment plea and life fears
In a sentencing hearing Donovan and Hayes outlined Heffner's remorse and plea for probation to pursue treatment for drug addiction. Heffner faced an 18 month term with 98 days jail credit after previously failing to appear, while Epps, facing a separate felony charge connected to a death in 2023, expressed distress over the impact on his four children.
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