"Stocks Fluctuate as Earnings Season Kicks Off and Wholesale Inflation Cools"
TL;DR Summary
The stock market closed the week mixed as big bank results failed to boost hopes for a robust earnings season, with the S&P 500 claiming a winning week despite a rough start to 2024. Apple is poised for a winning week after a bleak start, while OpenAI's copyright conundrum and Citigroup's plans for job cuts are in focus. Oil prices rose after US airstrikes in Yemen, and stocks like Meta, UnitedHealth Group, and Delta Air Lines trended during trading. JPMorgan Chase reported a boost in revenue, while BlackRock's assets under management topped $10 trillion. JPMorgan's CEO, Jamie Dimon, warned of "stickier" inflation and higher interest rates.
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