Stocks Mixed on Bank Earnings and Oil Price Spike While Leading Growth Stocks Rebound
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Dow Jones futures fell modestly early Friday amid big bank earnings and surging oil prices after U.S. strikes on Yemen rebels. Tesla cut China prices overnight.
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Key earnings included beats from JPMorgan and UnitedHealth, but their stocks fell on cost concerns. BlackRock buying infrastructure fund manager GIP.
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Bitcoin initially jumped on the first spot ETFs but pared gains. Coinbase and bitcoin miners sank. Tesla extended its sell-off, breaking more support.
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Netflix reclaimed a buy point as its ad-tier sees strong growth. Microsoft edged above a buy point, nearing Apple's market cap.
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The major indexes showed resilience Thursday despite hotter inflation. Yields reversing helped the bounce. Leading stocks rebounded from support levels.