JPMorgan (-6.47% to 182.79) announced that its net interest income, a key measure of what it earns from its lending activities, may be a little lower than expected this year.
Wells Fargo (-0.32% to 56.51) reported net income slightly worse than expected and Citigroup (-1.73% to 59.66) published revenues for its rates, currencies, commodities and trading activities above expectations.
You’re here dropped 2.03% to 171.05 dollars, several analysts having lowered their price targets and mentioned a saturation of demand for electric vehicles.
Oil sector values were in the red, despite tensions in the Middle East, thus, Chevron dropped 1.81% to 158.96, ExxonMobil 1.17% to 120.37 and ConocoPhillips 1.26% 131.24.
Southwest Airlines (-3.47% to 27.53) would expect to receive only 23 aircraft from Boeing (-2.2% to 169.54) this year, compared to 46 previously.
Epic Games asked a California judge on Thursday to force Google to make certain changes to its Play Store, afterAlphabet (-1.05% to 157.73) was accused by Epic Games of illegal monopoly with its online application store. Earlier this year, Chinese authorities asked the country’s largest telecom operators to phase out foreign processors from their networks by 2027, according to the Wall Street Journal on Friday.
Intel lost 5.16% to 35.69 and Advanced Micro Devices 4.23% to 163.28. Citigroup lowered its forecast for US casinos due to lower core profit forecasts compared to the previous quarter.
Las Vegas Sands lost 2.29% to 50.43 and MGM Resorts International 5.01% to 42.48.
THE Dow Jones thus lost 1.24% to 37,983.24 points, the Nasdaq Composite 1.62% to 16,175.09 points and the S&P 500 1.46 to 5,123.41 points.
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