Today's Stock Market News & Events: 1/20/2021

Today's market-moving economic data and earnings schedule

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Stocks made a comeback from last week's losses on Tuesday, as investors showed renewed optimism over additional stimulus, and kicked off earnings season with positive energy. Assuaging investor concerns about the incredible spread of COVID-19 in the U.S., Dr. Rochelle Walensky, President-elect Joe Biden's pick for head of the CDC, announced that the U.S. will be able to fulfill its goal of vaccinating 100 million people in Biden's first 100 days as President. 

The Dow Jones Industrial Average (DJI - 30,930.52) added 116.3 points yesterday. The S&P 500 Index (SPX - 3,798.91) added 30.7 points and the Nasdaq Composite (IXIC - 13,197.18) added 198.7 points, or 1.5% on Tuesday. The Cboe Volatility Index (VIX - 23.24) dropped 4.5% for the day yesterday. 

Today investors will likely be equal parts anxious and excited for President-elect Joe Biden's inauguration into the White House. In addition, the National Association of Home Builders (NAHB) index data will be reported today.

The following companies are slated to release quarterly earnings reports today, January 20:

ASML N.V. (NASDAQ:ASML -- $549.50) develops, produces, markets, sells, and services advanced semiconductor equipment systems. ASML will report its fourth-quarter earnings of 2020 before the bell today.

The Bank of New York Mellon Corporation (NYSE:BK -- $45.82) provides a range of financial products and services. BNY Mellon will report its fourth-quarter earnings of 2020 before the bell today.

BOK Financial Corporation (NASDAQ:BOKF -- $80.43) operates as the financial holding company for BOKF, NA. BOK Financial will report its fourth-quarter earnings of 2020 before the bell today.

Citizens Financial Group, Inc. (NYSE:CFG -- $40.83) provides a range of financial products and services. Citizens Financial Group will report its fourth-quarter earnings of 2020 before the bell today.

Commerce Bancshares, Inc. (NASDAQ:CBSH -- $71.12) operates as the bank holding company for Commerce Bank. Commerce Bancshares will report its fourth-quarter earnings of 2020 before the bell today.

Fastenal Company (NASDAQ:FAST -- $50.42) engages in the wholesale distribution of industrial and construction supplies. Fastenal will report its fourth-quarter earnings of 2020 before the bell today.

Morgan Stanley (NYSE:MS -- $74.99) provides various financial products and services. Morgan Stanley will report its fourth-quarter earnings of 2020 before the bell today.

The Procter & Gamble Company (NYSE:PG -- $133.60) provides branded consumer packaged goods to consumers. Procter & Gamble will report its second-quarter earnings before the bell today.

U.S. Bancorp (NYSE:USB -- $48.07) provides various financial services. U.S. Bancorp will report its fourth-quarter earnings of 2020 before the bell today.

UnitedHealth Group, Inc. (NYSE:UNH -- $352.19) operates as a diversified health care company. UnitedHealth will report its fourth-quarter earnings of 2020 before the bell today.

Alcoa Corporation (NYSE:AA -- $23.09) produces and sells bauxite, alumina, and aluminum products. Alcoa will report its fourth-quarter earnings of 2020 after the market closes today.

Discover Financial Services (NYSE:DFS -- $99.07) operates as a direct banking and payment services company. Discover Financial Services will report its fourth-quarter earnings of 2020 after the market closes today.

Hancock Whitney Corporation (NASDAQ:HWC -- $40.06) operates as the bank holding company for Hancock Whitney Bank. Hancock Whitney will report its fourth-quarter earnings of 2020 after the market closes today.

Kinder Morgan, Inc. (NYSE:KMI -- $15.55) operates as an energy infrastructure company. Kinder Morgan will report its fourth-quarter earnings of 2020 after the market closes today.

Plexus Corp. (NYSE:PLXS -- $82.58) provides electronic manufacturing services. Plexus will report its first-quarter earnings after the market closes today.

Sterling Bancorp (NYSE:STL -- $20.85) operates as the bank holding company for Sterling National Bank. Sterling Bancorp will report its fourth-quarter earnings of 2020 after the market closes today.

Umpqua Holdings Corporation (NASDAQ:UMPQ -- $16.69) operates as the holding company of Umpqua Bank. Umpqua Holdings will report its fourth-quarter earnings of 2020 after the market closes today.

United Airlines Holdings, Inc. (NASDAQ:UAL -- $44.75) provides air transportation services. United Airlines will report its fourth-quarter earnings of 2020 after the market closes today.

Wintrust Financial Corporation (NASDAQ:WTFC -- $69.03) operates as a financial holding company. Wintrust Fin will report its fourth-quarter earnings of 2020 after the market closes today.

Here is a quick recap of how Tuesday's earnings reports played out:

Bank of America Corporation (NYSE:BAC) provides banking and financial products and services. Earnings per share decreased 20.27% over the past year to $0.59, which beat the estimate of $0.55. Revenue of $20,212,000,000 decreased by 10.14% from the same period last year, which missed the estimate of $20,680,000,000.

The Goldman Sachs Group, Inc. (NYSE:GS) operates as an investment banking, securities, and investment management company. Earnings per share were up 157.57% over the past year to $12.08, which beat the estimate of $7.47. Revenue of $11,741,000,000 rose by 17.94% year over year, which beat the estimate of $9,990,000,000.

Halliburton Company (NYSE:HAL) provides a range of services and products to oil and natural gas companies. Earnings per share decreased 43.75% year over year to $0.18, which beat the estimate of $0.15. Revenue of $3,237,000,000 declined by 37.64% from the same period last year, which beat the estimate of $3,210,000,000.

State Street Corporation (NYSE:STT) provides a range of financial products and services to institutional investors. Earnings per share decreased 14.65% year over year to $1.69, which beat the estimate of $1.56. Revenue of $2,917,000,000 decreased by 4.30% year over year, which beat the estimate of $2,820,000,000.

Fulton Financial Corporation (NASDAQ:FULT) operates as a multi-bank financial holding company. Earnings per share decreased 9.09% over the past year to $0.30, which missed the estimate of $0.31. Revenue of $164,578,000 higher by 1.29% year over year, which beat the estimate of $158,310,000.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) operates as an automated electronic broker worldwide. Earnings per share increased 18.97% year over year to $0.69, which beat the estimate of $0.59. Revenue of $599,000,000 rose by 19.80% from the same period last year, which beat the estimate of $558,850,000.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) provides surface transportation and delivery services. Earnings per share increased 6.67% year over year to $1.44, which beat the estimate of $1.30. Revenue of $2,738,000,000 up by 11.76% from the same period last year, which beat the estimate of $2,570,000,000.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) operates as the bank holding company for Pinnacle Bank. Earnings per share rose 24.41% over the past year to $1.58, which beat the estimate of $1.35. Revenue of $304,429,000 higher by 20.06% year over year, which beat the estimate of $303,800,000.

United Community Banks, Inc. (NASDAQ:UCBI) operates as the bank holding company for United Community Bank. Earnings per share rose 11.48% year over year to $0.68, which beat the estimate of $0.60. Revenue of $183,863,000 rose by 28.29% from the same period last year, which beat the estimate of $180,260,000.

Looking ahead to tomorrow, investors will likely be equal parts anxious and excited for President-elect Joe Biden's inauguration into the White House on Wednesday. In addition, the National Association of Home Builders (NAHB) index data will be reported tomorrow.

All economic dates listed here are tentative and subject to change.

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