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business1d ago
BofA CEO calls economy 'resilient,' ASML stock falls post-earnings
- Bank of America reported quarterly profits of $8.6 billion, with Moynihan calling the economy resilient.
- ASML lifted its full-year revenue forecast, but its shares fell about 6.5% during the session.
- Investors monitored Nasdaq and S&P 500 as they approached record levels amid strong bank earnings.
- Bank of America beat earnings expectations with rising profits from a large US bank.
- ASML’s outlook remained positive despite stock weakness as analysts weighed second-quarter outlook.
- The report frames a contrast between solid bank earnings and mixed tech-sector signals.
- The market summary notes a Nasdaq streak and near-record S&P performance.
- ASML raised guidance for full-year 2026 revenue, signaling continued demand for semiconductor equipment.
- The piece emphasizes the broader market context as technology shares move with earnings results.
- The report is part of Yahoo Finance's Market Minute overview of top movers and stories.
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