Up & Down such is the way.
Ends Lower, Enters a Correction
Amazon stock rallies; JPMorgan falls after Jamie Dimon announces share-sale plan
The autumn pullback in the stock market worsened Friday, pushing the S&P 500 into a correction and to its worst two-week decline of the year. Read the day's full markets round-up here.
The mood in the market has darkened in October as investors have parsed a wave of earnings results from some of the biggest and most influential companies in America while navigating a punishing bond rout.
The S&P 500 follows the Nasdaq Composite, which ended in a correction earlier this week. On Friday, the tech-heavy index ended higher, boosted by a pop in Amazon shares.
The week was marked with even bigger swings under the surface for everything from technology heavyweights to oil giants.
Alphabet’s earnings disappointed investors, sending the stock down almost 10% for the week, the worst showing since November. Chevron lost more than 13%, the worst weekly decline in more than a year, after the company reported quarterly earnings that were sharply lower than a year earlier.
JPMorgan shares fell after Chief Executive Jamie Dimon announced plans to make his first substantial sale of the bank’s shares since taking over nearly two decades ago.
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