The Reuters/University of Michigan preliminary index of consumer sentiment fell to 63.2 in April from 69.5 in March on concerns over inflation and job losses. Details from Reuters...
GE's unexpected earnings shortfall and reduced outlook sent stocks tumbling.
The Dow Jones Industrial Average declined 257 points (2.0%) to close at 12,325, the S&P 500 Index declined 28 points (2.0%) to 1,333, and the Nasdaq Composite fell 61 points (2.6%) to 2,290. Crude oil finished up $0.03 to $110.14 per barrel, and gold ended down $3.90 at $924.40 per ounce. For the week, the DJIA closed 2.3% lower, the S&P 500 Index dropped 2.7%, and the Nasdaq Composite lost 3.4%.
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
