binance left Coinmarketcap net_left adver left
Detail

Wall St dragged down by disappointing bank results

By Bansari Mayur Kamdar, Shreyashi Sanyal and Sinéad Carew (Reuters) - Wall Street's main indexes fell on Friday with the biggest drag from the financial sector as investors were...
Wall St dragged down by disappointing bank results © Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 12, 2022. REUTERS/Brendan McDermid

By Bansari Mayur Kamdar, Shreyashi Sanyal and Sinéad Carew

(Reuters) - Wall Street's main indexes fell on Friday with the biggest drag from the financial sector as investors were disappointed by financial results from big U.S. banks, which cast a shadow over the fourth-quarter's earnings season kick-off.

Ten of the 11 major S&P 500 sectors were lower in afternoon trading, with financials falling 1.6%. The S&P 500 banks index slid 2% after hitting an intraday high in the previous session.

JPMorgan Chase & Co (NYSE:JPM) tumbled 6.3% on reporting weaker performance at its trading arm. The bellwether lender also warned that soaring inflation, looming threat of Omicron and trading revenues returning to normal levels are set to challenge the banking industry's growth in the coming months.

Citigroup Inc (NYSE:C) was down 1.8% after posting a 26% drop in fourth-quarter profit, while asset manager BlackRock Inc (NYSE:BLK) fell 2.5% after missing quarterly revenue expectations.

"Today's first earnings from the banks came in with varying cross currents. The major theme was loan demand is still not strong enough to outpace deposit growth which means banks aren't in a position to take advantage of the steeper yield curve," said Keith Buchanan, portfolio manager at Globalt in Atlanta.

Financials have outperformed the broader S&P 500 index recently on bets that the Federal Reserve's expected interest rate hikes would boost their profits.

And along with data showing December's retail sales decline, Buchanan said, the banks' performance prompts questions about the economic outlook for the current quarter and 2022.

"The question is, does the economy have enough strength to get through the risk Omicron brings as fiscal and monetary stimulus is rolling off," he said.

Retail sales dropped 1.9% last month due to shortages of goods and an explosion of COVID-19 infections. Separate data showed soaring inflation hit U.S. consumer sentiment in January, pushing it to its second lowest level in a decade.

By 2:27 p.m. ET (1927 GMT), the Dow Jones Industrial Average fell 370.49 points, or 1.03%, to 35,743.13, the S&P 500 lost 23.98 points, or 0.51%, to 4,635.05 and the Nasdaq Composite dropped 31.26 points, or 0.21%, to 14,775.56.

After financials consumer discretionary and healthcare were also big drags on the S&P.

Analysts see S&P 500 companies earnings rising 23.1% in the fourth quarter, according to IBES data from Refinitiv.

One bright spot in the bank sector on Friday however was Wells Fargo (NYSE:WFC) & Co, which gained 3.3% after posting a bigger-than-expected rise in fourth-quarter profit.

Casino operators Las Vegas Sands (NYSE:LVS) rose 11% while Melco Resorts advanced 14% and Wynn Resorts (NASDAQ:WYNN) was up almost 8% after Macau's government capped the number of new casino operators allowed to operate to six with an operating period of up to 10 years.

U.S. stock markets are due to remain shut on Monday for the public holiday in honor of Martin Luther King.

Declining issues outnumbered advancing ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.37-to-1 ratio favored decliners.

The S&P 500 posted 25 new 52-week highs and three new lows; the Nasdaq Composite recorded 47 new highs and 562 new lows.

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
28-01-2022 13:29:10 (UTC+7)

EUR/USD

1.1150

+0.0007 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

EUR/USD

1.1150

+0.0007 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

GBP/USD

1.3384

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

115.32

-0.02 (-0.02%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (6)

AUD/USD

0.6985

-0.0046 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2779

+0.0039 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/JPY

128.59

+0.07 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

1.0382

+0.0013 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (9)

Gold Futures

1,785.00

-8.10 (-0.45%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

Silver Futures

22.297

-0.379 (-1.67%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (3)

Copper Futures

4.3130

-0.1105 (-2.50%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Crude Oil WTI Futures

87.31

+0.70 (+0.81%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

88.95

+0.78 (+0.88%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Natural Gas Futures

4.793

+0.510 (+11.91%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

US Coffee C Futures

236.08

+4.03 (+1.74%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Euro Stoxx 50

4,136.91

-48.06 (-1.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (2)

S&P 500

4,365.60

+39.10 (+0.90%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

DAX

15,318.95

-205.32 (-1.32%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (1)

FTSE 100

7,466.07

-88.24 (-1.17%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

Hang Seng

23,550.08

-256.92 (-1.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

1,923.50

-8.73 (-0.45%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

IBEX 35

8,609.80

-96.20 (-1.10%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (0)

BASF SE NA O.N.

68.510

+0.060 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

52.83

+0.25 (+0.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Allianz SE VNA O.N.

227.80

-0.90 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (1)

Adidas AG

236.15

-6.00 (-2.48%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

6.791

-0.254 (-3.61%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

Siemens AG Class N

138.34

-2.16 (-1.54%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

11.912

-0.008 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.1150↑ Sell
 GBP/USD1.3384↑ Sell
 USD/JPY115.32Neutral
 AUD/USD0.6985↑ Sell
 USD/CAD1.2779↑ Buy
 EUR/JPY128.59↑ Sell
 EUR/CHF1.0382↑ Sell
 Gold1,785.00↑ Buy
 Silver22.297↑ Buy
 Copper4.3130Neutral
 Crude Oil WTI87.31↑ Buy
 Brent Oil88.95↑ Buy
 Natural Gas4.793Sell
 US Coffee C236.08↑ Buy
 Euro Stoxx 504,136.91↑ Buy
 S&P 5004,365.60↑ Sell
 DAX15,318.95Buy
 FTSE 1007,466.07Neutral
 Hang Seng23,550.08↑ Buy
 Small Cap 20001,923.50↑ Sell
 IBEX 358,609.80↑ Buy
 BASF68.510↑ Buy
 Bayer52.83↑ Buy
 Allianz227.80↑ Buy
 Adidas236.15↑ Buy
 Lufthansa6.791↑ Buy
 Siemens AG138.34↑ Buy
 Deutsche Bank AG11.912↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,230
(0/ 0) # 1,327
SJC HCM6,180/ 6,250
(0/ 0) # 1,344
SJC Hanoi6,180/ 6,252
(0/ 0) # 1,346
SJC Danang6,180/ 6,252
(0/ 0) # 1,346
SJC Nhatrang6,180/ 6,252
(0/ 0) # 1,346
SJC Cantho6,180/ 6,252
(0/ 0) # 1,346
Cập nhật 28-01-2022 13:29:12
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,786.16-10.83-0.60%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$87.16+1.11.26%
Brent$90.35+0.650.72%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.449,3926.003,22
GBP29.369,5930.841,11
JPY189,35201,87
KRW16,1119,77
Cập nhật lúc 18:50:56 28/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right