Stock Market Update
12-Jul-24 12:10 ET
WFC lags after earnings; BK surges
Dow +286.56
at 40040.31,
Nasdaq +131.66
at 18415.07,
S&P +35.51
at 5620.05
[BRIEFING.COM] The major indices remain near session highs.
Gains are still broad based, but outsized moves in either direction have been reserved for names with specific catalysts. Wells Fargo (WFC 56.06, -4.10, -6.8%) is the worst performing stock in the S&P 500 after the company beat earnings, but reported a 9% year-over-year decline in net interest income (NII) due to increased funding costs.
Meanwhile, BNY Mellon (BK 64.52, +3.05, +5.0%) is among the top performing names in the market following its earnings report.
