"Stocks Rise as Earnings Season Begins Amid Inflation Concerns"

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Source: Yahoo Finance
"Stocks Rise as Earnings Season Begins Amid Inflation Concerns"
Photo: Yahoo Finance
TL;DR Summary

Stocks fluctuated as big bank results failed to lift hopes for a robust quarterly earnings season, with the Dow Jones losing 0.5% and the S&P 500 hovering around the flatline. Oil prices jumped more than 2% after US-led airstrikes against Houthi rebels in Yemen, drawing threats of reprisals and heightening the possibility of further disruptions to global trade. BlackRock's assets under management exceeded $10 trillion, and JPMorgan Chase reported a 12% boost in revenue, while its CEO, Jamie Dimon, warned of "stickier" inflation and higher interest rates.

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