Main U.S. indexes were lower Friday as investors digested earnings from a number of major banks and more inflation data.<\/p>\n
Here are some of the biggest U.S. stock movers today:\u200b<\/strong><\/p>\n JPMorgan Chase (NYSE:JPM<\/a><\/span>) stock rose 2% on the open after the lender reported record full-year profit, benefiting from rising interest rates, despite a 15% fall in net income in the final quarter. Gains dwindled throughout the morning and the stock was flat midday.<\/p>\n Bank of America (BAC) stock fell 2.4% after the lender\u2019s fourth-quarter profit shrank as it took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index.<\/p>\n Wells Fargo (WFC) stock fell 3% after the bank warned that 2024 net interest income could be 7% to 9% lower than a year earlier, even as its fourth-quarter profit jumped, benefiting from cost cuts.<\/p>\n Tesla (NASDAQ:TSLA<\/a><\/span>) stock fell 3.3% after the EV maker cut prices of some of its new China models, while adding it will suspend most car production at its factory near Berlin.<\/p>\n Delta Air Lines (NYSE:DAL<\/a><\/span>) stock fell 8% after the carrier cut its profit outlook for the current year, citing supply chain issues and macroeconomic uncertainties. Shares of United Airlines (UAL) and American Airlines (NASDAQ:AAL<\/a><\/span>) were also lower.<\/p>\n Lucid (NASDAQ:LCID<\/a><\/span>) stock fell 7% after the EV maker announced it\u2019s recalling more than 2,000 units of its Air luxury electric sedan for potential faults in early versions of a part that could pose a safety risk due to obstructed driver vision.<\/p>\n BlackRock (NYSE:BLK<\/a><\/span>) stock fell 0.8% after the world\u2019s largest asset manager said it will buy fund manager Global Infrastructure Partners in a deal worth $12.5 billion, and posted an 8% rise in its quarterly profit.<\/p>\n UnitedHealth (NYSE:UNH<\/a><\/span>) stock fell 4% after the health insurer reported a jump in medical care costs in the fourth quarter. Shares of Humana (NYSE:HUM<\/a><\/span>) and CVS Health (NYSE:CVS<\/a><\/span>) also suffered.<\/p>\n Future Fintech (FTFT) stock slumped 22% after the U.S. securities regulator charged the financial services firm’s CEO with fraud and disclosure failures.<\/p>\n Exxon Mobil\u00a0(NYSE:XOM<\/a><\/span>) stock rose 0.8% and\u00a0Chevron\u00a0(NYSE:CVX<\/a><\/span>) climbed 0.9% after crude prices soared in the wake of the missile strikes by U.S. and British forces on Houthi forces in Yemen.<\/p>\n Boeing (NYSE:BA<\/a><\/span>) stock fell 2% after the FAA said it will intensify oversight of the company after a panel broke off a new 737 Max plane during a flight. The FAA expressed concerns Boeing has other manufacturing problems.<\/p>\n Coinbase (NASDAQ:COIN<\/a><\/span>) stock fell 5.5% as investors \u2018sold the news\u2019 following recent approval of spot\u00a0Bitcoin<\/a><\/span>\u00a0ETFs. Bitcoin was lower by 5.3%.<\/p>\n","protected":false},"excerpt":{"rendered":" Main U.S. indexes were lower Friday as investors digested earnings from a number of major banks and more inflation data. Here are some of the biggest U.S. stock movers today:\u200b JPMorgan Chase (NYSE:JPM) stock rose 2% on the open after the lender reported record full-year profit, benefiting from rising interest rates, despite a 15% fall …
Continue reading JPMorgan, Bank of America, Exxon, Tesla and more<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17,18],"tags":[],"class_list":["post-106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-investments","category-services"],"_links":{"self":[{"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/posts\/106"}],"collection":[{"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/comments?post=106"}],"version-history":[{"count":3,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"predecessor-version":[{"id":1268,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/posts\/106\/revisions\/1268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/media\/100"}],"wp:attachment":[{"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxoxe.com\/index.php\/wp-json\/wp\/v2\/tags?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}