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Home / Business / Dow expects a drop of more than 100 points as volatile trading continues, but Netflix will boost the Nasdaq

Dow expects a drop of more than 100 points as volatile trading continues, but Netflix will boost the Nasdaq



  Dealers work under a monitor displaying the signage of General Electric Co. on the floor of the New York Stock Exchange.

Bloomberg | Bloomberg | Getty Images

Dealers work under a monitor displaying the signage of General Electric Co. on the floor of the New York Stock Exchange.

J.P.. Morgan said in a note that the company is "back on track" after releasing its latest results. "While the quarters may be lumpy, the larger picture path is consistent, and we continue to believe there is significant growth potential ahead," JP Morgan said.

CSX and Cree also posted unexpectedly good gains on Tuesday after the close. while M & T Bank and US Bancorp outperformed on Wednesday before the bell.

Wednesday's moves come one day after the big indexes hit their best day since March, helped by strong gains. On Tuesday, the Dow rose more than 500 points as Goldman Sachs, Johnson & Johnson and UnitedHealth rose.

Overall, the reporting season started well. Of the S & P 500 companies that have reported so far, 89.8 percent have exceeded analyst expectations, according to FactSet.

On the data front, housing data is expected at 8:30 ET in September. At 2 pm ET, the Federal Open Market Committee will publish the minutes of its September meeting.

Meanwhile at 12:10. ET, Federal Reserve Chairman Lael Brainard, a voting member of the Fed's Fed Monetary Policy Committee, gave a speech at the conference "Fintech, Financial Inclusion – and the Potential to Transform Financial Services" at the Federal Reserve Bank of Boston. 19659010]
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