From Investing.com: 2024-04-12 16:35:21

The Dow drops as major banks report disappointing earnings, sparking fears for upcoming earnings season amid inflation concerns. JPMorgan Chase forecasts lower income, Wells Fargo misses net interest income expectations, Citigroup beats forecasts despite stock falling. Analysts project S&P 500 earnings to increase by 5% in Q1, down from 10.1% in Q4 2023.

Roku stock falls after second cyberattack, Zoetis Inc under scrutiny for pet arthritis drugs causing side effects in pets. Consumer sentiment drops in April, with inflation expectations rising. Fed rate cut expectations decline, crude prices rise on Middle East tensions but set for weekly losses. Iran signals retaliatory action against Israel in a “calibrated” manner to avoid escalating conflict.



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