Dow taking huge dump on Bank earnings and hot inflation

[1srelluc]

Down 562 as of this posting.

The Dow Jones Industrial Average (DJIA) is reversing Thursday’s gains on a negative session opening on Friday. The quarterly earnings of some of the largest US banks have failed to cheer investors, who are already feeling frail sentiment on lower hopes of monetary easing by the Federal Reserve (Fed).

JPMorgan (JPM) and Wells Fargo (WFC) have posted softer-than-expected results in the first quarter, which is weighing on the financial sector. Beyond that, mega-caps and chipmakers are suffering on the back of news reporting that China has told telecom firms to phase out foreign chips.

The NASDAQ is leading losses on Friday, down 1.1% to 16,258, the S&P 500 drops 0.96% to 5,149, and the Dow Jones trades with a 0.8% loss at 38,148 halfway through the North American morning session.

Dow Jones news​

All the Wall Street sectors are posting losses on Friday. The Technology sector posts a 1.23% decline, the weakest performance, followed by the Consumer Discretionary, 1.25% lower. The Energy and Utilities sectors, practically flat, are the best-performing ones.

JPMorgan is taking the biggest blow on Friday with a 5.34% decline to $184.96 following disappointing quarterly data, while Intel (INTC), which has been crushed by news about China’s decision, is 3.8% lower to $36.19.

Dow Jones Industrial Average ser for a weekly decline on Fed's hawkish outlook

Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.

www.fxstreet.com

Gold is above $2400.00.....Oil is up to about $86 a barrel.
Triple A says the average cost of a gallon of gas is $3.63 .

That's up six cents from last Thursday, and twenty three cents from last month's average.

MSN

www.msn.com

Thanks FJB.

 

[okfine]

Trump stock took a hit, too. Dipped under 30

Blame Biden.

 

[Lisa558]

Down 562 as of this posting.

The Dow Jones Industrial Average (DJIA) is reversing Thursday’s gains on a negative session opening on Friday. The quarterly earnings of some of the largest US banks have failed to cheer investors, who are already feeling frail sentiment on lower hopes of monetary easing by the Federal Reserve (Fed).

JPMorgan (JPM) and Wells Fargo (WFC) have posted softer-than-expected results in the first quarter, which is weighing on the financial sector. Beyond that, mega-caps and chipmakers are suffering on the back of news reporting that China has told telecom firms to phase out foreign chips.

The NASDAQ is leading losses on Friday, down 1.1% to 16,258, the S&P 500 drops 0.96% to 5,149, and the Dow Jones trades with a 0.8% loss at 38,148 halfway through the North American morning session.

Dow Jones news​

All the Wall Street sectors are posting losses on Friday. The Technology sector posts a 1.23% decline, the weakest performance, followed by the Consumer Discretionary, 1.25% lower. The Energy and Utilities sectors, practically flat, are the best-performing ones.

JPMorgan is taking the biggest blow on Friday with a 5.34% decline to $184.96 following disappointing quarterly data, while Intel (INTC), which has been crushed by news about China’s decision, is 3.8% lower to $36.19.

Dow Jones Industrial Average ser for a weekly decline on Fed's hawkish outlook

Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.

www.fxstreet.com

Gold is above $2400.00.....Oil is up to about $86 a barrel.
Triple A says the average cost of a gallon of gas is $3.63 .

That's up six cents from last Thursday, and twenty three cents from last month's average.

MSN

www.msn.com

Thanks FJB.

The whole week has been shitty. Prices keep rising, even though Biden is lauding his Bidenomics. Whoever thought to name the failing economy with the president’s name is either very stupid, or very smart.

 

[Oddball]

Down 562 as of this posting.

The Dow Jones Industrial Average (DJIA) is reversing Thursday’s gains on a negative session opening on Friday. The quarterly earnings of some of the largest US banks have failed to cheer investors, who are already feeling frail sentiment on lower hopes of monetary easing by the Federal Reserve (Fed).

JPMorgan (JPM) and Wells Fargo (WFC) have posted softer-than-expected results in the first quarter, which is weighing on the financial sector. Beyond that, mega-caps and chipmakers are suffering on the back of news reporting that China has told telecom firms to phase out foreign chips.

The NASDAQ is leading losses on Friday, down 1.1% to 16,258, the S&P 500 drops 0.96% to 5,149, and the Dow Jones trades with a 0.8% loss at 38,148 halfway through the North American morning session.

Dow Jones news​

All the Wall Street sectors are posting losses on Friday. The Technology sector posts a 1.23% decline, the weakest performance, followed by the Consumer Discretionary, 1.25% lower. The Energy and Utilities sectors, practically flat, are the best-performing ones.

JPMorgan is taking the biggest blow on Friday with a 5.34% decline to $184.96 following disappointing quarterly data, while Intel (INTC), which has been crushed by news about China’s decision, is 3.8% lower to $36.19.

Dow Jones Industrial Average ser for a weekly decline on Fed's hawkish outlook

Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.

www.fxstreet.com

Gold is above $2400.00.....Oil is up to about $86 a barrel.
Triple A says the average cost of a gallon of gas is $3.63 .

That's up six cents from last Thursday, and twenty three cents from last month's average.

MSN

www.msn.com

Thanks FJB.

Metals doing a little correcting today....Prolly have wait a week or so until all the panic buying subsides.

 

[boevans]

Markets still near all time highs.

If you are in the market, you have to be in it for the long haul.

I had a relative who had been in a rough probate fight, won a share of it (most in the market), then pulled out, then died two years later while it would have doubled. Her kids equity at their probate was less than a third of what each would have received if she left in the market.

Too many acted out of emotion instead of market sense when it comes to money.

 

[iku]

Trump stock took a hit, too. Dipped under 30

Blame Biden.

Damn you Joe!

 

[JGalt]

Down 562 as of this posting.

The Dow Jones Industrial Average (DJIA) is reversing Thursday’s gains on a negative session opening on Friday. The quarterly earnings of some of the largest US banks have failed to cheer investors, who are already feeling frail sentiment on lower hopes of monetary easing by the Federal Reserve (Fed).

JPMorgan (JPM) and Wells Fargo (WFC) have posted softer-than-expected results in the first quarter, which is weighing on the financial sector. Beyond that, mega-caps and chipmakers are suffering on the back of news reporting that China has told telecom firms to phase out foreign chips.

The NASDAQ is leading losses on Friday, down 1.1% to 16,258, the S&P 500 drops 0.96% to 5,149, and the Dow Jones trades with a 0.8% loss at 38,148 halfway through the North American morning session.

Dow Jones news​

All the Wall Street sectors are posting losses on Friday. The Technology sector posts a 1.23% decline, the weakest performance, followed by the Consumer Discretionary, 1.25% lower. The Energy and Utilities sectors, practically flat, are the best-performing ones.

JPMorgan is taking the biggest blow on Friday with a 5.34% decline to $184.96 following disappointing quarterly data, while Intel (INTC), which has been crushed by news about China’s decision, is 3.8% lower to $36.19.

Dow Jones Industrial Average ser for a weekly decline on Fed's hawkish outlook

Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.

www.fxstreet.com

Gold is above $2400.00.....Oil is up to about $86 a barrel.
Triple A says the average cost of a gallon of gas is $3.63 .

That's up six cents from last Thursday, and twenty three cents from last month's average.

MSN

www.msn.com

Thanks FJB.

I knew it was too quiet this morning: No new news stories were coming in on my news feed reader, then all of a sudden it changed.

It looks like the shit might be kicking off in Israel too today.

 

[jbrownson0831]

Down 562 as of this posting.

The Dow Jones Industrial Average (DJIA) is reversing Thursday’s gains on a negative session opening on Friday. The quarterly earnings of some of the largest US banks have failed to cheer investors, who are already feeling frail sentiment on lower hopes of monetary easing by the Federal Reserve (Fed).

JPMorgan (JPM) and Wells Fargo (WFC) have posted softer-than-expected results in the first quarter, which is weighing on the financial sector. Beyond that, mega-caps and chipmakers are suffering on the back of news reporting that China has told telecom firms to phase out foreign chips.

The NASDAQ is leading losses on Friday, down 1.1% to 16,258, the S&P 500 drops 0.96% to 5,149, and the Dow Jones trades with a 0.8% loss at 38,148 halfway through the North American morning session.

Dow Jones news​

All the Wall Street sectors are posting losses on Friday. The Technology sector posts a 1.23% decline, the weakest performance, followed by the Consumer Discretionary, 1.25% lower. The Energy and Utilities sectors, practically flat, are the best-performing ones.

JPMorgan is taking the biggest blow on Friday with a 5.34% decline to $184.96 following disappointing quarterly data, while Intel (INTC), which has been crushed by news about China’s decision, is 3.8% lower to $36.19.

Dow Jones Industrial Average ser for a weekly decline on Fed's hawkish outlook

Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.

www.fxstreet.com

Gold is above $2400.00.....Oil is up to about $86 a barrel.
Triple A says the average cost of a gallon of gas is $3.63 .

That's up six cents from last Thursday, and twenty three cents from last month's average.

MSN

www.msn.com

Thanks FJB.

They are on to Creepy Joe.....

 

[Oddball]

Markets still near all time highs.

In terms of a USD that has never been worth less, the raw numbers mean nothing.

 

[Rawley]

Trump stock took a hit, too. Dipped under 30

Blame Biden.

LOL He's the one sitting in the big chair.

Betcha he's now wishing he named his trillion dollar green energy boondoggle something other than the "Inflation Reduction Act"

 

[boevans]

In terms of a USD that has never been worth less, the raw numbers mean nothing.

You know nothing of economics or American financial history.

 

[odanny]

I can't lower my 401K balance, even after making withdrawals my balance is rising.

Who do I blame for this?

 

[1srelluc]

Closed 476 down....Thanks FJB.

 

[crossbody]

Talks of Iran striking Israel will always cause the market to dip low.

Should Iran (which is really America in partnership with Iran) strike Israel... market could lose 1,000-2,000 points on Monday. In return, God will let foreign agents loose to strike America.

 

[JGalt]

Trump stock took a hit, too. Dipped under 30

Blame Biden.

Blame Biden? Sure thing bro, that's easy:

U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial Average booking a large weekly loss on investor anxiety over inflation and geopolitical tensions in the Middle East.

Who spent all those trillions that's causing the inflation? Joe Biden

Whose foreign policies are so weak and incompetent that Iran is stirring up shit in the Middle East? Joe Biden

 

[boevans]

Closed 476 down....Thanks FJB.

Have you been there for the highs? Then stop the whining, when the lows come. I am with Armand Hammer, a family friend, and his friend my grandfather, that "I am in it for the long-haul."

 

[boevans]

Blame Biden? Sure thing bro, that's easy:

U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial Average booking a large weekly loss on investor anxiety over inflation and geopolitical tensions in the Middle East.

Who spent all those trillions that's causing the inflation? Joe Biden

Whose foreign policies are so weak and incompetent that Iran is stirring up shit in the Middle East? Joe Biden

Just pitiful, pitiful you. World wide conditions, both parties spending and borrowing trillions of dollars (including Dark Brandon and Donald Doofus), printing so much money, and so forth. Just pititful JGalt.

 

[JGalt]

Just pitiful, pitiful you. World wide conditions, both parties spending and borrowing trillions of dollars (including Dark Brandon and Donald Doofus), printing so much money, and so forth. Just pititful JGalt.

You lost all credibility when you wrote "both parties." That means only one of two things: Either you're a disillusioned Biden-voter and want to distance yourself because he fucked up so badly, or you're one of those who doesn't think the current administration is far enough to the left.

If you look at the spending under Trump, he was on the same par as Obama. It wasn't until the pandemic hit that it became necessary to increase spending. Of course, Joe Biden's spending has taken extravagance to a ridiculous level, which was why we saw a 9.1% inflation rate. The inflation rate has come down, but it's still higher than any point under President Trump.

 

[boevans]

Both parties. You are a senseless piece of humanity to think otherwise.

 

[JGalt]

Both parties. You are a senseless piece of humanity to think otherwise.

I don't blame my party. There are a handful of shithead Republicans within the GOP whose collaboration with the Democrats I find disgusting, but that doesn't mean I would abandon the GOP.