Stock market news today: S&P 500 snaps streak of weekly gains

US stocks were mixed at the close on Friday after a volatile session that capped off a losing week for the major indexes.

The S&P 500 suffered its first weekly loss in three weeks and notched its worst one-week decline since December. But the Nasdaq led the weekly sell-off with a drop of more than 2%. Trading on Friday began in the red amid some weak earnings reports. Elsewhere, oil prices rose after Russia announced plans to cut crude production starting in March by 500,000 barrels per day in response to sanctions.

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Chase to hire more than 500 small business bankers over 2 yearsJPMorgan Chase's consumer and commercial arm announced it plans to hire more than 500 small business bankers through 2024 to help customers navigate economic uncertainty. This makes me less concerned about the jobs that are being eliminated. A rotation into more relevant and sophisticated careers should be embraced.
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