Current location:health >>
Stock market today: Wall Street falls sharply to close out its worst week since October
health7People have gathered around
IntroductionNEW YORK (AP) — U.S. stocks tumbled Friday following a mixed start to earnings reporting season. Wor ...
NEW YORK (AP) — 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.
JPMorgan Chase was one of the heaviest weights on the market and sank 6.5% despite reporting stronger profit for the first three months of the year than analysts expected. The nation’s largest bank gave a forecast for a key source of income this year that fell below Wall Street’s estimate, calling for only modest growth.
The pressure is always on companies to produce fatter profits. But it’s particularly acute now given worries that the other main lever that sets stock prices, interest rates, may not offer much lift in the near term.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Chronicles news portal”。http://afghanistan.unhasdecoradas.org/content-07e499980.html
Related articles
Children are evacuated from school 'during an exam' after threat made via email
healthChildren have been evacuated from a school with Year 11 students told to leave mid-exam after a thre ...
【health】
Read moreBystander livestreams during Charlotte standoff show an ever
healthCHARLOTTE, N.C. (AP) — Saing Chhoeun was locked out of his Charlotte, North Carolina, home on Monday ...
【health】
Read moreMiami Dolphins agree to sign Odell Beckham Jr., AP source says
healthMIAMI GARDENS, Fla. (AP) — The Miami Dolphins agreed to sign wide receiver Odell Beckham Jr. to a on ...
【health】
Read more
Popular articles
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers
- California man who testified against Capitol riot companion is sentenced to home detention
- Wisconsin Supreme Court will decide whether mobile voting sites are legal
- Celebrity birthdays for the week of May 26
- The Lakers fire coach Darvin Ham after just 2 seasons in charge and 1st
Latest articles
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
Apple, Amgen rise; Expedia, Fortinet fall, Friday, 5/3/2024
Flood and landslide hit Indonesia's Sulawesi island, killing 14
Israeli PM vows ground attack on Rafah with or without deal
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Congressman praises heckling of war protesters, including 1 who made monkey gestures at Black woman
LINKS
- Death toll rises to 56 from southern Brazil's heavy rains
- Gogglebox legend signs up for Celebs Go Dating after shock divorce announcement
- Friends, former hostages praise Terry Anderson, AP reporter and philanthropist, at memorial service
- Lauren Sanchez jokes she 'doesn't need to breathe' in Met Gala dress during new behind
- Kosovo backs Ukraine even though Kyiv has not recognized its independence, foreign minister says
- Rosie Huntington
- Hurricanes, Blues tussle for top spot in Super Rugby Pacific
- Turnbull scores twice as Toronto cruises past Minnesota 4
- How major US stock indexes fared Wednesday, 5/8/2024
- Girl, 14, 'gang