U.S. stocks traded lower midway through trading, with the Dow Jones dropping over 150 points on Friday.

The Dow traded down 0.53% to 33,850.38 while the NASDAQ fell 0.59% to 12,094.01. The S&P 500, also fell, dropping, 0.30% to 4,133.89.

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Leading and Lagging Sectors

Top Headline

JPMorgan Chase & Co (NYSE:JPM) reported better-than-expected results for its first quarter on Friday.

The bank reported Q1 net revenue (managed) of $39.3 billion, up 25% Y/Y, beating the consensus of $36.2 billion. EPS of $4.10 beat the consensus of $3.41.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 0.2% to $81.97 while gold traded down 1.6% at $ 2,021.20.

Silver traded down 1.3% to $25.595 on Friday while copper fell 0.1% to $4.1190.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.58%, London’s FTSE 100 rose 0.49% while Spain’s IBEX 35 Index rose 0.37%. The German DAX rose 0.44%, French CAC 40 rose 0.48% and Italy’s FTSE MIB Index rose 0.76%.

Spanish annual consumer price inflation came in at 3.3% in March compared to 6% in February, while annual inflation rate in France fell to a six-month low level of 5.7% in March. Annual wholesale price inflation in Germany eased to 2% in March.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.2%, Hong Kong’s Hang Seng Index gaining 0.46% and China’s Shanghai Composite Index gaining 0.60%.

Total passenger car sales in India came in at 292,030 in March 2023, little changed versus the prior month. Singapore’s GDP rose by 0.1% year-over-year in Q1, versus a 2.1% expansion in the previous period.

Economics

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COVID-19 Update

• The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 106,455,740 cases with around 1,158,010 deaths. India confirmed a total of at least 44,797,260 cases and 531,060 deaths, while France reported over 39,878,140 COVID-19 cases with 165,910 deaths. In total, there were at least 685,458,800 cases of COVID-19 worldwide with more than 6,841,400 deaths.