The Dow Jones Industrial Average Today Drops Below 18,000 After Mixed Earnings

The benefits of low expectations have pushed the markets higher in recent weeks.

But Thursday, the markets hit a speed bump with the Dow Jones Industrial Average sliding 113 points.

In what could be the most insane quarter of earnings reports in a generation, roughly 77% of S&P 500 companies have beaten profit expectations. That's a massive jump from the 63% of companies that typically beat the markets in a quarter, according to Thomson Reuters data. But keep in mind, consensus expectations called for firms to report a 7.2% average decline in profits.

Here's what else you need to know about the markets on April 21, 2016.

First up, check out the results for the Dow JonesS&P 500, and Nasdaq:

Dow Jones: 17,982.52; -113.75; -0.63%                             

S&P 500: 2,091.48; -10.92; -0.52% 

Nasdaq: 4,945.89; -2.24; -0.05%

Now, here's the top stock market news today…

DJIA Today: The Stock to Buy Before the FOMC Rate Meeting Next Week

It seems like President Obama's U.S. Treasury Department and other federal agencies are trying to cram eight years of new regulations into a three-month period.

The latest regulatory proposals center on how much money Wall Street executives can receive in salaries and bonuses. Today, the U.S. Securities and Exchange Commission, the Federal Reserve, and others proposed rules that would curb financial executives from taking risky positions in order to boost their pay. The rules would require a seven-year waiting period for firms to "claw back" or repossess bonuses if executives' actions negatively affect their institutions.

Oil prices reversed Thursday as concerns about a global glut returned to traders' minds after energy market intelligence firm Genscape reported a massive build of inventories happened last week. The firm said that the delivery point at Cushing, Oklahoma, added 840,000 barrels in the four days leading up to April 19. WTI crude prices fell 1.6%, while Brent prices slid 2.2%.

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