How major US stock indexes fared Friday, 4/12/2024
Time:2024-05-21 11:18:19 Source:healthViews(143)
U.S. stocks fell sharply following a mixed start to earnings reporting season.
The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its record. Worries about tensions in the Middle East rattled financial markets, and Treasury yields fell as investors looked for safer places for their money.
JPMorgan Chase was among the stock market’s heaviest weights after giving a forecast for a key source of income that was below analysts’ estimates. The pressure is always on companies to produce fatter profits. But it’s particularly acute now given expectations that interest rates may stay high for a while.
On Friday:
The S&P 500 fell 75.65 points, or 1.5%, to 5,123.41.
The Dow Jones Industrial Average fell 475.84 points, or 1.2%, to 37,983.24.
The Nasdaq composite fell 267.10 points, or 1.6%, to 16,175.09.
The Russell 2000 index of smaller companies fell 39.43 points, or 1.9%, to 2,003.17.
You may also like
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- What will Utah's NHL team be called? Here are 20 options
- Yemen's Houthi rebels claim 2 attacks in Gulf of Aden, another unreported in Indian Ocean
- Seeds from China's space station applied in breeding experiments
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Gunmen kill 7 barbers in Pakistan's volatile Baluchistan province
- Scarlett Moffatt tells fans to 'embrace the boob gap' in swimsuit
- House quickly rejects motion to oust Speaker Johnson
- Jon Wysocki dead at 53: Staind drummer passes away