The actions fell on Friday after a profit list exceeded the big banks fed Conerns that the Federal Reserve will increase interest rates in their next two meetings.
Even so, the main indices won for the week. The Dow increased 400 points, or 1.2%. The S&P 500 won 0.8% and the Nasdaq compound advanced 0.3%.
JPMorgan Chase reported on Friday profits and income of the first quarter that crushed expectations, promoted by the Fed. Citigroup Fed, Wells Fargo and PNC Financial hiking campaign also reported solid results.
The CEO Jamie Dimon warned investors at the telephone conference after the company’s profits that should prepare for interest rates to be higher than expected.
Wall Street seems to have tasks. Analysts increased their bets in an increase in point -fourth rates at the Fed meeting in May and another in June.
The governor of the Federal Reserve, Christopher Waller, said on Friday that the Central Bank needs to continue hardening monetary policy, weighs the markets even more.
Austan Goolsbee, president of the Bank of the Federal Reserve of Chicago, said it is “definitely” possible for the United States to enter a low recession after the tumult in the bank last month.
Meanwhile, retail sales data decreased more than expected, suggestion that the expenditure power of Americans and the United States economy is going through.
The hero of consumer’s feeling is quite stable in April, even as groups about a persistent recession, according to the latest monthly survey of the University of Michigan.
“There were too many news to digest this morning, but the key conclusion is that the Fed has space to do more damage,” said Edward Moya, Senior Market analyst in Oanda, in a note.
The Dow fell 144 points, or 0.4%.
The S&P 500 fell to 0.2%.
The Nasdaq compound sank 0.4%.
As the actions are established after the negotiation day, the levels can still change slightly.
