{"id":124565,"date":"2022-01-16T03:58:03","date_gmt":"2022-01-16T03:58:03","guid":{"rendered":"https:\/\/fin2me.com\/?p=124565"},"modified":"2022-01-16T03:58:03","modified_gmt":"2022-01-16T03:58:03","slug":"stocks-slip-after-jpmorgan-wells-fargos-mixed-results","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-slip-after-jpmorgan-wells-fargos-mixed-results\/","title":{"rendered":"Stocks slip after JPMorgan, Wells Fargo\u2019s mixed results"},"content":{"rendered":"

Market volatility will continue in 2022: Market expert<\/h2>\n

Blue Line Capital President Bill Baruch discusses Fed rate hikes and how to hedge against inflation.<\/p>\n

U.S. stock futures traded lower Friday as bank earnings rolled in and ahead of a report on retail sales. <\/p>\n

The major futures indexes suggest a decline of 0.3%, extending Thurday's losses.<\/p>\n\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
I:DJI<\/td>\nDOW JONES AVERAGES<\/td>\n36113.62<\/td>\n-176.70<\/td>\n-0.49%<\/td>\n<\/tr>\n
SP500<\/td>\nS&P 500<\/td>\n4659.03<\/td>\n-67.32<\/td>\n-1.42%<\/td>\n<\/tr>\n
I:COMP<\/td>\nNASDAQ COMPOSITE INDEX<\/td>\n14806.812261<\/td>\n-381.58<\/td>\n-2.51%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

JPMorgan shares are indicated to open lower after posting a 14% drop in quarterly profits, while profits at Wells Fargo jumped 86%, lifting those shares. <\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
JPM<\/td>\nJPMORGAN CHASE & CO.<\/td>\n168.23<\/td>\n-0.21<\/td>\n-0.12%<\/td>\n<\/tr>\n
WFC<\/td>\nWELLS FARGO & CO.<\/td>\n56.00<\/td>\n-0.40<\/td>\n-0.71%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

Several reports are on the economic calendar.<\/p>\n

The Commerce Department reports retail sales for December. Economists surveyed by Refinitiv anticipate consumer spending to be flat month-over-month, compared with a smaller-than-expected rise of 0.3% in November. Excluding the automotive component, spending is seen rising 0.2% in December, slightly trailing a 0.3% pop the previous month.<\/p>\n

JOBLESS CLAIMS UNEXPECTEDLY RISE TO 230,000 AS OMICRON SURGES<\/strong><\/p>\n

At the same time, watch for import and export prices for December. Prices of imported goods likely rose 0.3% month-over-month, after jumping 0.7% in November. Watch for export prices to also rise 0.3% in December, well below the prior month’s 1.0% spike.<\/p>\n

PRODUCER PRICES SOARED BY 9.7% IN DECEMBER, BIGGEST GAIN ON RECORD<\/strong><\/p>\n

Other reports include industrial production data for December and the University of Michigan's preliminary index of consumer sentiment for January. <\/p>\n

In commodities, oil held at the $82-per-barrel level. <\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
USO<\/td>\nUNITED STATES OIL FUND L.P.<\/td>\n58.27<\/td>\n-0.64<\/td>\n-1.09%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In Europe, London's FTSE was off 0.1%, Germany's DAX declined 0.7% and France's CAC fell 0.7%.<\/p>\n

In Asia, Tokyo's Nikkei 225 lost 1.3%, the Hang Seng in Hong Kong slipped 0.2% and China's Shanghai Composite index lost 0.9%.<\/p>\n

CLICK HERE FOR FOX BUSINESS' REAL-TIME CRYPTOCURRENCY PRICING DATA <\/u><\/strong><\/p>\n

China reported its global trade surplus surged nearly 30% in 2021 to $676.4 billion. The trade surplus in December swelled 20.8% over a year earlier to a monthly record of $94.4 billion, customs data showed Friday.<\/p>\n

The surplus with the United States rose 25.1% in 2021 over a year earlier to $396.6 billion<\/p>\n

South Korea’s central bank raised its key interest rate to 1.25% from 1%, acting to counter inflation. <\/p>\n

Keep in mind there will be no U.S. trading in stocks or bonds Monday as the markets observe the Martin Luther King Jr. holiday.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

FOX Business' Ken Martin and The Associated Press contributed to this report.<\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Market volatility will continue in 2022: Market expert Blue Line Capital President Bill Baruch discusses Fed rate hikes and how to hedge against inflation. U.S. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nStocks slip after JPMorgan, Wells Fargo\u2019s mixed results - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/stocks-slip-after-jpmorgan-wells-fargos-mixed-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks slip after JPMorgan, Wells Fargo\u2019s mixed results - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Market volatility will continue in 2022: Market expert Blue Line Capital President Bill Baruch discusses Fed rate hikes and how to hedge against inflation. 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