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Wall Street Extends Records; Deutsche Bank Halves Quarterly Profit

July 16, 2023
in Trade Tube
Reading Time: 1 min read
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The S&P 500 and Nasdaq extended their record run by market open Monday as Wall Street awaited a busy week of earnings and a meeting of the Federal Reserve. The central bank will convene for a two-day meeting on Tuesday to discuss whether it is ready to liftoff from crises-level interest rates. Deutsche Bank (DB) stumbled on Monday after reporting first-quarter profit half that of a year earlier as legal expenses ate into earnings. Last week the German bank was hit with a $2.5 billion for alleged interest rate manipulation. Applied Materials (AMAT) plummeted after Tokyo Electron called off their $29 billion merger.

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