Bank stocks rise on JPMorgan, Goldman earnings as chip stocks fall: AlphaCheck - Yahoo Finance — SkimNews
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- Bank stocks rose following Q3 earnings reports from JPMorgan and Goldman Sachs, per Yahoo Finance's AlphaCheck
- Chip stocks fell during the same session, while Wells Fargo and Citi also reported Q3 results in the same earnings cycle (per CNBC)
Why it matters: JPMorgan and Goldman Sachs Q3 results lifted the bank sector, while chip stocks declined in apparent rotation. The New York Times headline flags rising interest rates biting some Wall St. banks, suggesting the earnings beat may not fully offset macro headwinds for the sector.
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