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Apr 12 | Daily Finance News

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U.S. STOCK PICKS

  • Stocks fell on Friday as major U.S. banks kicked off the corporate earnings season while inflation and geopolitical concerns weighed on investors.
  • JPMorgan Chase shares declined more than 3% after the banking giant posted its first-quarter results. The bank said net interest income, a key measure of what it makes through lending activities, could be a little short of what Wall Street analysts are expecting in 2024. CEO Jamie Dimon also warned about persistent inflationary pressures weighing on the economy.
  • Wells Fargo slid around 1.1% after reporting its latest quarterly figures.
  • Citigroup added more than 1% after posting a revenue beat.
  • Coupled with fresh U.S. imports data, added fuel to inflation concerns that have put pressure on the market.
  • Cathie Wood takes a stake in OpenAI, saying it’s at the forefront of a ‘Cambrian explosion’ in AI.
  • Trump Media shares drop more than 6% shortly after trading begins.

CANADA MARKET

  • Toronto airports authority announces 'decade-long investment' in Pearson Airport.
  • Canada’s AAA Credit Rating at Risk From Deeper Deficit, RBC Says.
  • March home sales, average price rise from year ago: CREA.

Apr 12 | Daily Finance News

U.S. STOCK PICKS

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

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