Dow tanks 500 points in biggest sell-off of 2024 as JPMorgan slides and inflation fears flare up: Live updates
Publishing timestamp: 2024-04-12 13:53:33
Summary
Stocks sold off on Friday, with major indices experiencing their biggest declines of the year due to inflation and geopolitical concerns. Major bank shares also declined, with JPMorgan Chase falling over 5% after posting its first-quarter results. Oil prices rose on reports of potential conflict in the Middle East. Consumer sentiment index for April came in below expectations, reflecting worries about inflation. Gold hit a fresh all-time high, while the dollar strengthened. Exxon Mobil hit an all-time high as crude oil prices rallied. Import prices also rose, indicating inflation concerns. Oil prices rallied on reports of potential conflict in the Middle East. JPMorgan, BlackRock, and Globe Life were among the stocks making big moves in premarket trading.
Sentiment: NEGATIVE
Tickers: MGM, KMX, GOOG, NRG, @LCO.1, DECK, C, NVDA, .DXY, BLDR, OXY, XOM, ZTS, GOOGL, STT, @ND.1, DVN, VZ, UNDEFINED, .DJI, FANG, INTC, BA, JPM, US10Y, GL, NKE, AMZN, @CL.1, ANET, @DJ.1, .IXIC, .SPX, @SP.1, WFC, BLK, IVZ, AAPL, CVS, PARA, APA, @GC.1,
Keywords: prices, economic events, nvidia corp, state street corp, blackrock inc, markets, amazon.com inc, jamie dimon, nasdaq composite, s&p 500 index, alphabet inc, wti crude (mar'23), apple inc, nasdaq 100 fut (mar'23), business news, dow jones fut (mar'23), dow jones industrial average, citigroup inc, wells fargo & co, jpmorgan drn, united states, globe life inc, breaking news: markets, stock markets, s&p 500 fut (mar'23),
Source: https://www.cnbc.com/2024/04/11/stock-market-today-live-updates.html