Stocks are down today and investors wondering why are in luck because we know what’s dragging shares down on Friday!
First off, traders will note that stocks are still down following the latest inflation data released this week. The Consumer Price Index (CPI) report for March dropped on Wednesday.
The bad news was that inflation came in . This has investors worried that the Federal Reserve might not move forward with plans to cut rates as soon as they had hoped.
Also weighing stocks down today are the . JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C) all released earnings reports today and each saw net interest income decrease sequentially. That also has traders worried about the state of the economy.
Let’s check out how all of this news is affecting the major stock indices below!
Stocks Down Today: Major Indices Fall
- The S&P 500 starts us off with a 0.91% decrease as of Friday morning.
- Next is the Dow Jones Industrial Average with a 0.84% drop this morning.
- Closing us out is the Nasdaq Composite with a major 1.06% fall today.
There are more stock market stories for traders to read up on below!
We offer all of the hottest stock market news worth reading about on Friday! That includes why shares of Tesla (NASDAQ:TSLA), Intel (NASDAQ:INTC) and Globe Life (NYSE:GL) stock are moving today. All of this news is ready to go down below!
More Stock Market News for Friday
- Citi Just Slashed Its Price Target on Tesla (TSLA) Stock
- INTC Stock Alert: Intel Faces a China-Sized Blow
- GL Stock Pops as Globe Life Hits Back at Short Seller
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the 黑料正能量.com Publishing Guidelines.
