Marking Time by April White7/6/2023 ![]() ![]() West Texas Intermediate, the US benchmark for oil, ticked down about 1.2% to roughly $73 a barrel. Shares of Airbnb fell 10.9%, marking its worst day since November 2022 after the company on Tuesday issued a cautious outlook for the current quarter and a miss on bookings. JPMorgan Chase shares fell roughly 0.1% and Wells Fargo declined 0.6%. Shares of PacWest Bank slipped 0.5%, Ke圜orp fell 4.1% and New York Community Bank slid by 1.1%. Tech stocks gained: Alphabet shares rose about 4%, Advanced Micro Devices gained about 2%, ServiceNow ticked up 2.9% and Amazon added 3.3%.īank stocks fell. But trading wavered throughout the day as Wall Street continued to worry about the banking sector's stability and the looming debt ceiling crisis. The April Consumer Price Index showed that inflation cooled last month, sending stocks higher earlier in the session. ![]() Stocks ended Wednesday mixed as investors digested the latest inflation data. ![]()
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