Posted 4/12/2024, 1:37:00 PM
Stocks Slip as Tech Loses Steam; Bank Earnings, Oil Prices, Dimon Comments in Focus
- Stocks stumbled on Friday as tech names lost momentum; investors look to bank earnings for inspiration
- BlackRock, JPMorgan, Wells Fargo, and Citi report mixed earnings results to kick off season
- Oil prices surge to 2024 highs on escalating Middle East tensions between Israel and Iran
- Jamie Dimon notes higher rates due to healthy growth would be "pretty good," not predicting recession
- Apple stock pops on report of AI-enabled Mac refresh; seen by some as AI upgrade cycle play