Wall Street's Mixed Day: Boeing and Banks Weigh Down, Apple and JPMorgan Rise
TL;DR Summary
The stock market closed in the red on Friday, with the Dow Jones Industrial Average and Nasdaq losing 0.4% and the S&P 500 shaving off 0.2%. Big bank earnings met with mixed reactions, while retail sales showed consumers are tightening their wallets. Boeing was the biggest loser in the Dow after news that 737 Max plane deliveries could be delayed due to a manufacturing issue at supplier Spirit AeroSystems. JPMorgan Chase rallied 7.6% in heavy volume after reporting better-than-expected Q1 earnings and revenue.
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