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    Stock Market Today: Stocks Erase Early Lead to End Lower

    by Karee Venema Jul 18, 2022 2 minutes

    The major indexes opened Monday solidly higher amid a round of well-received bank earnings, but chipped away at these gains to eventually end lower. 

    Garnering the most attention from this morning's earnings calendar was (, +2.5%), which reported double-digit percentage declines in its top and bottom lines, though both figures beat analysts' consensus estimates. The blue-chip financial firm also said Q2 trading revenue soared 32% year-over-year to $6.5 billion – offsetting a 41% decline in investment banking revenue. 

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