Can These 2 Big Bank Stocks Beat Inflation?
The stock market started out Tuesday on a mixed note, with major market benchmarks recovering early losses that followed news of continued inflationary pressure. As of 10 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 25 points to 34,971. The S&P 500 (SNPINDEX: ^GSPC) dropped one point to 4,383, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to rise by 11 points to 14,745.
The first set of earnings reports from bank stocks came out on Tuesday morning, and investors didn't have a huge reaction to any of what they heard. Nevertheless, it's a reasonable question to ask whether major financial stocks like Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) can help investors fight against building inflationary pressures and generate gains. If the bull market is to continue, it'll need support from financials and other areas of the market that haven't played as large a leadership role over the past year.
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Source Fool.com
