© Reuters.
By Liz Moyer
Investing.com — Stocks are falling on Friday as investors digested big bank earnings and a weaker-than-expected report on retail sales. Here are the market movers for April 14.
- JPMorgan Chase & Co (NYSE:) shares rose 6.9% after the bank record revenue that beat expectations, fueled by a 49% rise in net interest income compared with the same time last year after the Fed’s aggressive rate increases. Citigroup Inc (NYSE:) shares rose 3.9%.
- Boeing Co (NYSE:) shares were down 5.6% after the plane maker suspended deliveries of some 737 MAX jets on a part supply problem. Boeing said there isn’t an immediate safety issue and planes in service can continue flying.
- Express Inc (NYSE:) shares jumped 31% after the retailer, teaming up with WHP Global, inked a deal to acquire the menswear brand Bonobos from Walmart (NYSE:) for a reported $75 million.
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UnitedHealth Group Incorporated (NYSE:) shares fell 2.6% after the health insurer that beat expectations and raised its forecast for profit in 2023.
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Lucid Group Inc (NASDAQ:) shares fell 7.1% after the electric vehicle maker reported it delivered fewer Air sedans in the first quarter than it produced and missed expectations for delivery numbers.
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