Stock Market Rallies On Cooling Inflation; Big Bank Earnings For JPMorgan, Citigroup Up Next
The stock market is up today due to cooling inflation and upcoming bank earnings.
The Nasdaq led Thursday's stock market gains after the producer price index came in lower than expected. Investors will focus on Friday's highly anticipated earnings reports from the banking giants JPMorgan Chase, Citigroup (C), Wells Fargo and PNC Financial. They also expect to hear from UnitedHealth Group. These earnings reports will be closely watched by the market as they are a good indicator of the state of the economy in the wake the coronavirus outbreak.