U.S. Stocks Tumble as Traders Digest Bank Earnings and Weigh Inflation Concerns

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. U.S. stocks tumbled on Friday as traders digested bank earnings and weighed inflation concerns. This follows a series of volatile trading sessions for the market, with the S & P 500 and the Dow on track for a weekly decline. The Nasdaq , after Thursday's surge, was on the bubble.

Coming into the print, a pick-up in IPOs has been a positive sign for the firm's investment banking business. But the focal point of recent quarters has been lackluster wealth management revenues, margins, and net new assets. We think new CEO Ted Pick needs to right the ship, fast. The Club was also disappointed by media reports that multiple federal regulators are probing Morgan Stanley's Wealth Management business.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks mixed as markets digest U.S. inflation, await ECB decision; Societe Generale up 4%European markets were mixed early Thursday as global investors digested the latest U.S. inflation data, which came in hotter than expected.
Source: nbcchicago - 🏆 545. / 51 Read more »

Stocks tumble as hot inflation numbers douse hopes of June interest rate cut'You can kiss a June interest rate cut goodbye,' one analyst said of the latest CPI numbers showing stubborn inflation.
Source: CBSHealth - 🏆 480. / 51 Read more »

Stocks Gain, Led by Dow as Traders Look for Rate InsightU.S. stocks were higher, with the Dow leading gains Wednesday, and the S&P 500 setting a closing record, paced by gains in drugmaker Merck, while investors looked towards the next piece of inflation data and Federal Reserve policymaker commentary for signals on the rate...
Source: NEWSMAX - 🏆 16. / 71 Read more »

Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Source: Investingcom - 🏆 450. / 53 Read more »