US STOCKS-S&P 500 ends down after bank earnings, inflation data ...Middle East

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US STOCKS-S&P 500 ends down after bank earnings, inflation data
source : Devdiscourse ( Middle East ) () 28
The S&P 500 pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large U.S. banks and hotter-than-expected inflation data. Initially, all three major U.S. stock indexes sold off sharply in the wake of second-quarter earnings from JPMorgan Chase & Co and Morgan Stanley. Both reported slumping profits and warned of impending economic slowdown.

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