NSFX: US Daily Market Review
  Source:NSFX 2023-04-17 13:22:16
Description:

The Dow Jones Industrial Average is red today, but it has been positive this week.


The 30 track Jones index fell 191 points, or about 0.6%. The Standard&Poor's 500 Index fell 0.4%, while the Nasdaq Composite Index fell 0.4%.


The early retail sales in March entered a lower consumer spending decline, which was twice as expected.


The decline in retail sales in the United States exceeded the forecast for March, indicating that household spending is cooling as Americans struggle with massive inflation and higher borrowing costs.


Boeing's stock price has fallen by more than 6%. Yesterday, the company announced that due to component supply issues, it will have to suspend some deliveries of the 737 Max aircraft.


JPMorgan Chase announced record breaking revenue that exceeded expectations, with the stock up more than 7%.


Wells Fargo Bank reported a profit increase of over 2%, followed by a decrease of approximately 0.4%.