News Formal

U.S. Stocks Tumble as Earnings Season Begins

  • 📰 latimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 82%

Finance Новости

U.S. Stocks,Earnings Reporting Season,Middle East Tensions

U.S. stocks experienced a significant decline as concerns over escalating tensions in the Middle East and mixed earnings reports weighed on investor sentiment. The S&P 500 had its worst week since October, while the Dow Jones Industrial Average and Nasdaq composite also saw notable drops. JPMorgan Chase, despite reporting stronger profits, faced a 6.5% decline due to a conservative forecast for future income growth.

U.S. stocks tumbled Friday following a mixed start to earnings reporting season. Worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money. The S&P 500 sank 1.5% to close out its worst week since October, when a huge rally on Wall Street began. The Dow Jones Industrial Average dropped 475 points, or 1.2%, and the Nasdaq composite fell 1.6% from its record set the day before.

Gold, which has been setting records, got close to touching $2,450 per ounce for the first time before paring its gain. Adding to the nervousness was a preliminary report suggesting sentiment among U.S. consumers is sinking. It's an important update because spending by U.S. consumers is the main engine of the economy. Perhaps more worrisome was that U.S. consumers may be getting more pessimistic about inflation.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 11. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

U.S. Stocks Tumble as Traders Digest Bank Earnings and Weigh Inflation ConcernsA recap of Friday's key moments in the CNBC Investing Club's Morning Meeting livestream, where U.S. stocks tumbled as traders analyzed bank earnings and considered inflation concerns.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

5 chip stocks to own for Q1 earnings season - Cantor Fitzgerald5 chip stocks to own for Q1 earnings season - Cantor Fitzgerald
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Buy these stocks with overly conservative expectations ahead of earnings, Jefferies saysAhead of first-quarter earnings season, Jefferies identified some stocks with upward revision potential.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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.
Источник: CBSHealth - 🏆 480. / 51 Прочитайте больше »

These stocks may have trouble living up to expectations for a big earnings turnaround this yearAccording to Trivariate Research, investors should be overweight in healthcare and energy sectors, where companies will likely achieve their estimates better.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »