JPMorgan Chase’s third-quarter earnings dropped 17% as it set aside an additional $808 million for potential loan losses. JPMorgan shares climbed 1.7% Friday. Black Friday is starting well before Black Friday. Read More...
Barrons.com
Inflation Was Terrible. Here’s Why the Market Rallied.
The stock market took it literally on Thursday with a massive rally following an inflation reading that everyone agreed was way too hot. The CPI rose 0.4% in September, up from 0.1% in August, and above estimates for 0.2%. Core consumer prices, which don’t include food and energy, rose 0.6%, above forecasts for 0.4%, and unchanged from August.
