This morning, 12 of the 15 companies that reported earnings beat estimates, with JP Morgan (JPM) and Wells Fargo (WFC) beating by the widest margins. Coca-Cola (KO) was the other big company that reported this morning, and it beat estimates handily. WFC and KO are up double-digit percentages today, while JPM is currently down about 2%. So the three biggest stocks that reported today all solidly beat estimates and two are trading up on the news. What is that good for? A decline of nearly 700 points on the Dow! How much would a miss from them have cost the stock market? -1,400?
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