Dow Closes Week Of Losses With 475-Point Drop

The Dow finished off a brutal week with a 475-point slide for its fifth consecutive daily loss. Several bank names fell into the red after earnings reports today, including JPMorgan Chase (JPM), which dragged the blue-chip index with a 6.3% loss. Inflation concerns reemerged as well, doing little to help sentiment alongside tensions overseas. 

Tech stocks pulled back from yesterday's rally, helping the Nasdaq close its worst daily percentage drop since March. The S&P 500 finished sharply lower as well, clocking its worst daily percentage drop since Jan. 31, with all three major indexes securing weekly losses -- the Dow's worst of 2024. 

Closing Indexes Summary April 12

NYSE and Nasdaq Stats April 12

Corporate Earnings April 12

Unusual Options Activity April 12


OIL, GOLD HIT FRESH HIGHS

Oil prices today rose to their highest level in six months before paring gains, as investors continue to monitor Iran and Israel. May-dated West Texas Intermediate (WTI) rose 64 cents, or nearly 0.8%, to settle at $85.66 a barrel. For the week, the front-month contract dropped 1.4%. 

Gold prices hit record highs once again, as investors target safe-haven assets amid global tensions. June-dated gold futures settled 0.1% higher at $2,374.1 per ounce.  


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