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Wall St edges lower on bleak earnings ahead of inflation data

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The spotlight this week will be on the Labor Department's inflation reading on Wednesday.

Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.Hathaway Inc's Class B shares rose 1.4% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral".Declining issues outnumbered advancers for a 1.15-to-1 ratio on the NYSE and for a 1.24-to-1 ratio on the Nasdaq.

The S&P index recorded 10 new 52-week highs and four new lows, while the Nasdaq recorded 47 new highs and 53 new lows.Shreyashi SanyalReports on highly consequential global financial markets, covering a range of asset classes. Have been in the game for over 5 years. Reach her at - +917483273460Shristi is a correspondent, part of the markets team reporting on the stock markets across U.S., UK, Canada, Europe and Emerging markets.

 

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