US stocks closed: the three major US stock indices collectively closed down, and J.P. Morgan surged more than 7% against the market
The three major indices of US stocks collectively closed down, and Xiaomo rose more than 7%, driving bank stocks higher
On Friday EST, despite strong Q1 earnings reports from major banks led by J.P. Morgan Chase, weak retail sales data in March put pressure on the market. Coupled with hawkish remarks from senior Federal Reserve officials, the three major indices collectively closed down. By the close, $Dow Jones Industrial Average(.DJI.US$ Decreased by 0.42% to 33,886.47 points; $S&P 500 Index(.SPX.US$ Decreased 0.21% to 4,137.64 points; n $Nasdaq Composite Index(.IXIC.US$ 0.35%, reported at 12,123.47 points.
J.P. Morgan achieved revenue of 38.35 billion US dollars in the first quarter of 2023, an increase of 25% over the previous year, a record high; $JPMorgan(JPM.US$ An increase of more than 7.55%, $Bank of America(BAC.US$ increased by 3.36%, $Citigroup(C.US$ increased 4.78%, $Wells Fargo & Co(WFC.US$ Decreased 0.05%.
Most of the big tech stocks fell, $Tesla(TSLA.US$ down 0.48%, $Apple(AAPL.US$ down 0.21%, $Amazon(AMZN.US$ up 0.11%, $Microsoft(MSFT.US$ down 1.28%, $Netflix(NFLX.US$ down 2.18%, $Alphabet-A(GOOGL.US$ Increased by 1.34%.
Important Market News
Retail sales in the US have declined for the second month in a row, and household spending is cooling
Retail sales in the US have declined for the second month in a row, and household spending is cooling
According to data released by the US Department of Commerce on Friday, overall retail sales fell 1% month-on-month and were revised up to 0.2% in February. Retail sales excluding gasoline and automobiles fell 0.3%, less than expected. The data is not adjusted for inflation.
American consumers' expectations for price increases over the next year have risen sharply, the biggest increase in the past two years
According to the University of Michigan's early April value data, consumers expect prices to rise 4.6% over the next year, up from 3.6% in March. The report released on Friday also showed that they expect prices to rise by 2.9% over the next five to ten years, remaining at this level for the fifth month in a row.
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![US stocks closed: the three major US stock indices collectively closed down, and J.P. Morgan surged more than 7% against the market](https://sgsnsimg.moomoo.com/feed_image/101813241/5a1fb42af1a239b38fb3e5206e521ad4.jpg/bigmoo)
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