• Dow skids 300 points on weak retail sales, mixed bank results

  U.S. stocks tumbled across the board after several big banks reported mixed results. Shares of JPMorgan fell over 5% after quarterly profits declined, while shares of Wells Fargo rose more than 1% after profits beat expectations. Also creating headwinds for stocks, retail sales fell 1.9% as consumers pulled back spending last month as inflation rose. In commodities, oil hovered around the $82 per barrel level.

  More on this

• For more news, please go to FoxBusiness.com and watch Fox Business Network.
  
  

More NewslettersUnsubscribePrivacy PolicyContact Us

©2022 Fox News Network, LLC. 1211 Avenue of the Americas, New York, NY, 10036. All Rights Reserved. Privacy Policy

Fox Business never sends unsolicited email. You received this email because you requested a subscription to Fox Business Breaking News Alerts from FoxBusiness.com