Wall St ends sharply lower on mixed earnings, sticky inflation, geopolitical fears

NEW YORK, April 12 - U.S. stocks sold off on Friday after major U.S. banks' results failed to impress, capping a week marked by market-moving inflation data, evolving expectations for U.S. Federal Reserve policy, and looming geopolitical tensions.

"It's a very real risk that we won't get any rate cuts this year," Dickson said, adding that while he does not expect a hike, the Fed would probably prefer to keep rates higher for longer. Austan Goolsbee, president of the Chicago Fed, said he remains focused on the Personal Consumption Expenditures report due on April 26 for a clearer picture of inflation's progress toward the central bank's target.

The CBOE Volatility Index , opens new tab, a measure of investor anxiety, hit its highest level since October 2023.

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Stock market today: Wall Street notches another record ahead of Fed newsNEW YORK (AP) — Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates. The S&P 500 shook off an early loss and closed 0.6% higher Tuesday, beating the all-time high it set last week.
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The gold market has gotten ahead of anticipated Fed easing cycleThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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