Earnings season kicked off with a bang with reports from some of the largest U.S. financial firms. Earnings are expected from Bank of America (BAC) , JPMorgan Chase (JPM) , Wells Fargo (WFC) , PNC Financial Services (PNC) and BlackRock (BX) .
Morgan Stanley (MS) slashed its staff and cut bonuses. Due to a decline in revenue, Morgan Stanley laid off a number of senior investment bankers and cut bonuses by roughly 15%.
Shares of Fiat Chrysler (FCAU) are bouncing back after the automaker's CEO Sergio Marchionne hit back at reports that his company tried to cheat U.S. emissions standards.
Boeing (BA) and SpiceJet have reached a deal for more than 200 737 MAX 8 planes that could be worth $22 billion at list prices.
Home-improvement retailer Lowe's (LOW) plans to eliminate 1% of its workforce. The company is trying to adapt to shifting shopping habits.