US stocks close lower as bank stocks slip | AM1460 WIXN
 
US stocks close lower as bank stocks slip
0 0

iStock/Thinkstock(NEW YORK) -- Wall Street finished Friday in the red as bank stocks took a hit.

The Dow Jones Industrial Average slipped 122.91 (-0.50 percent) to finish the session at 24,360.14.

The Nasdaq dipped 33.60 (-0.47 percent) to close at 7,106.65, while the S&P 500 finished trading at 2,656.30, down 7.69 (-0.29 percent) for the day.

Crude oil prices were slightly higher at about $67 per barrel.

Winners and Losers: First-quarter earnings for several banks topped expectations, but it wasn't enough for investors. Shares of JPMorgan Chase (-2.67 percent), Wells Fargo (-3.10 percent) and PNC (-4.14 percent) struggled at the close.

Shares of General Electric were up 2.47 percent ahead of its earnings next week.

Copyright © 2018, ABC Radio. All rights reserved.

Leave a comment:

· Subscribe to comments
Be the first to comment here!