Dow drops 200 points Friday as bank stocks get hit, market posts second losing week to start 2022

Major bank stocks declined after their earnings reports on Friday, weighing on the U.S. markets as Wall Street notched a second straight negative week to start the year.

Citigroup's stock fell 1.3% after the bank beat revenue estimates but showed a 26% decline in profits. Shares of Morgan Stanley and Goldman Sachs, which report next week, also declined. On the data front, retail sales were down 1.9% in December, a worse reading than the 0.1% drop expected by economists surveyed by Dow Jones. January's preliminary consumer sentiment reading from the University of Michigan came in lower than expected as Americans reported higher long-term inflation expectations.

catch up day

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Fearless retail traders could help save the stock market in 2022Our call of the day from ClearBridge Investments and Franklin Templeton says retail traders may be the heroes of the stock market for 2022. Funniest headline of 2022 lmao LOL I TOLD YOU PEOPLE ABOUT TESLA SHORT IT NOW EVERYONE IS SELL MARKET CRASH IS COMING.. BEAWARE. CRASH OF 2022 Man who called exact week of 2020 Crash names EXACT DAY he predicts stocks will plummet this year. Greg Diamond, CMT
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

5 things to know before the stock market opens FridayU.S. stock futures fell Friday after Dow stock JPMorgan fell nearly 3% in the premarket as investors parsed quarterly results.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »