US stocks close lower as bank stocks slip

April 13, 2018 - 4:53 pm

(NEW YORK) -- Wall Street finished Friday in the red as bank stocks took a hit.

The Dow Jones Industrial Average slipped 122.91 (-0.50 percent) to finish the session at 24,360.14.

The Nasdaq dipped 33.60 (-0.47 percent) to close at 7,106.65, while the S&P 500 finished trading at 2,656.30, down 7.69 (-0.29 percent) for the day.

Crude oil prices were slightly higher at about $67 per barrel.

Winners and Losers: First-quarter earnings for several banks topped expectations, but it wasn't enough for investors. Shares of JPMorgan Chase (-2.67 percent), Wells Fargo (-3.10 percent) and PNC (-4.14 percent) struggled at the close.

Shares of General Electric were up 2.47 percent ahead of its earnings next week.

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