Markets Eye Fed Hike as Bond Yields Rise
Long term government bond yields climbed to the highest since early June with the 10 year note at 1.814 percent as traders price in a near 70 percent chance of a December Fed rate increase. Stocks wavered with the Dow slipping 52 points while investors weigh third quarter results and the Clinton Trump debate amid looming rate expectations.
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Market Wrap Stocks Rise Banks Macy's Move In Focus
Bank of America posts a quarterly profit rise for the first time in three quarters as bond trading gains and lower expenses lift results. SuperValu agrees to sell Save-A-Lot to Onex for 1.37 billion, sending shares higher. Macy's plans Thanksgiving openings with earlier hours, while J C Penney cites last year's move for gains. 4 week trend and market volatility context provided.
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Bank of America
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J.C. Penney
SigFig tracked investors show AAPL dominance in holdings
Data from SigFig shows over half a million U S investors manage online portfolios with about 200 billion dollars in assets. Five day average 0.28 and six month trends highlight Apple as largest holding, most bought and sold.
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AAPL
MSFT
SigFig
Bank of America posts rising profit on higher deposits and income
Bank of America reported Q3 net income of $5.0 billion, up 7 percent from a year earlier, with adjusted EPS of 41 cents beating estimates of 34 cents. Revenue rose 3 percent to $21.6 billion as net interest income climbed and consumer banking led gains.
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Bank of America
S&p
Wells Fargo
John Stumpf
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