{"id":38420,"date":"2023-07-20T21:04:47","date_gmt":"2023-07-21T01:04:47","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/stock-market-today-dow-racks-up-8th-straight-gain-as-earnings-season-heats-up\/"},"modified":"2023-07-20T21:04:49","modified_gmt":"2023-07-21T01:04:49","slug":"stock-market-today-dow-racks-up-8th-straight-gain-as-earnings-season-heats-up","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38420","title":{"rendered":"Stock market today: Dow racks up 8th straight gain as earnings season heats up"},"content":{"rendered":"
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\u00a9 Reuters <\/span>
\n<\/i>\n<\/div>\n

Investing.com — The Dow closed higher Wednesday, wrapping up an eighth session of gains as investors continue to digest the latest quarterly results.<\/p>\n

The rose 0.2%, the rose 0.3%, or 109, and the was flat.<\/p>\n

Goldman Sachs shrugs off earnings miss; Western Alliance lifts sentiment in regional banks<\/h2>\n

Goldman Sachs Group <\/span><\/span> Inc (NYSE:) reported second-quarter earnings that Wall Street estimates, weighed down by weakness in its consumer and investment banking businesses. But the stock climbed 1% as chief executive David Solomon touted optimism about signs of life in the investment banking business amid a pick-up in deal activity.<\/p>\n

\u201cIt definitely feels better over the course of the last six-to-eight weeks than it felt earlier in the year,\u201d Solomon said in an earnings call following the bank’s quarterly results.<\/p>\n

Western Alliance Bancorporation (NYSE:) rose more than 7% despite reporting as further signs of stability in deposits calm investor jitters about potential outflows from regional banks following the mini banking crisis last summer.<\/p>\n

Western Alliance’s deposit growth for the quarter came in at $3.5 billion, well ahead of the $2B\/quarter guide, which was crucial, UBS said.<\/p>\n

Netflix delivers mixed Q2 results, but subscribers beat estimates<\/h2>\n

Netflix Inc (NASDAQ:) reported second-quarter that beat on the bottom line, but revenue missed Wall Street expectations even as the streaming giant added\u00a05.89 million new subscribers in the quarter, well above the 2.07M expected.\u00a0 \u00a0<\/p>\n

Carvana surge on debt cut plan brings more pain to shorts<\/h2>\n

Carvana <\/span><\/span> (NYSE:) announced it struck a deal Wednesday with its bondholders that will reduce its debt by more than $1.2B, sending shares of the used-car retailer more than 40% higher, marking a further blow to short sellers of the stock.<\/p>\n

With about 50% of its shares shorted, Carvana is one of the most shorted stocks on Wall Street.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters Investing.com — The Dow closed higher Wednesday, wrapping up an eighth session of gains as investors continue to digest the latest quarterly results. The rose 0.2%, the rose 0.3%, or 109, and the was flat. Goldman Sachs shrugs off earnings miss; Western Alliance lifts sentiment in regional banks Goldman Sachs Group Inc (NYSE:) […]<\/p>\n","protected":false},"author":1,"featured_media":38421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-38420","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nStock market today: Dow racks up 8th straight gain as earnings season heats up | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Investing.com -- The Dow closed higher Wednesday, wrapping up an eighth session of gains as investors continue to digest the latest quarterly\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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