Today’s Highlights
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9:35 am — AVGO +3.3%, META +0.9%
The S&P 500 edged higher Wednesday, sitting less than 1% below its January all-time high.
Bank of America (BAC) said on Wednesday that profits leaped 17% from a year ago.
The country’s second-largest bank reported profits rose to $8.6 billion, or $1.11 per share, exceeding the $1.01 per share that analysts forecast. Net revenue rose 7% to $30.3 billion compared to $28.2 billion in the first quarter of 2025.
Netflix looks like it does still have some momentum behind it. We had a nice day on Tuesday. We do have earnings coming out on Thursday, meaning tomorrow, at the end of the session, so that will have a major influence as well. I think ultimately though, the $100 level is an area where I might be interested in buying Netflix.
Cathie Wood, head of Ark Investment Management, is known for making bold, conviction-driven bets, but she’s just as quick to trim positions when the strategy shifts. That pattern is playing out again this week.
ARK Investment Management has continued selling shares of Strata Critical Medical (NASDAQ: SRTA),
» Read more about: Cathie Wood’s Ark keeps selling one stock once again »
A “sleep at night” portfolio does not need to be complicated, in fact, the three ETFs covered here represent three distinct philosophies for owning US equities, and together they create a diversified core that has held up through every major market event of the past decade. None of them will win every year,
» Read more about: The 3 Best ETFs to Buy and Hold Through Any Market in 2026 »
Cleveland Federal Reserve President Beth Hammack said Wednesday that the central bank is weighing threats to both inflation and employment and should keep interest rates on hold as conditions evolve.
In a live CNBC interview,
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Purchasing a home or refinancing your current one can be both a time-consuming and stressful process. But borrowers can reduce their concerns by taking an informed,
» Read more about: What are today's mortgage interest rates: April 15, 2026? »
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Costco Wholesale (NASDAQ: COST | COST Price Prediction) has built one of the most durable retail franchises in the world, and with a market cap of roughly $432 billion,
» Read more about: From Warehouse Powerhouse to Blue Chip: Why Costco Could Be Next for the Dow »
Oil prices remained elevated, staying well above pre-war levels, while the IMF lowered global growth projections due to energy-driven inflation risks. Analysts warned equity markets may be underpricing downside risks if geopolitical tensions worsen, with attention now turning to upcoming Federal Reserve remarks for policy cues.
US stock futures were flat on Wednesday after a strong rally in the previous session, as investors paused for breath while watching developments around potential US-Iran talks.