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The Dow drops 300 points as inflation persists and fears of Iran attacking Israel send oil higher
JPMorgan Chase and other major banks beat Wall Street's earnings expectations — but investors still sent their stocks down
“I am still expecting that we’re going to see some slowing in demand start and continue into 2024, and that will help to bring inflation down later in the year,” Collins told Reuters. JPMorgan also posted earnings per share (EPS) of $4.44, surpassing the $4.17 expected by analysts, according to estimates compiled by FactSet. Shares of Globe Life, one of Texas’ largest insurance providers, dropped more than 50%, following a short position taken by Fuzzy Panda Research that alleged potential fraud at the company.
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