{"id":395757,"date":"2021-01-16T11:17:34","date_gmt":"2021-01-16T05:47:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395757"},"modified":"2021-01-16T12:05:09","modified_gmt":"2021-01-16T06:35:09","slug":"wall-street-closes-lower-as-banks-energy-shares-tumble","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/wall-street-closes-lower-as-banks-energy-shares-tumble\/","title":{"rendered":"Wall Street closes lower as banks, energy shares tumble"},"content":{"rendered":"<p>NEW YORK: Wall Street&#8217;s main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp.<\/p>\n<p>The S&amp;P 500 banks index lost ground as shares of Wells Fargo &amp; Co, JPMorgan Chase &amp; Co and Citigroup Inc tumbled even though they had posted better-than-expected fourth-quarter profits. The bank sector had rallied sharply in recent days.<\/p>\n<p>Wells Fargo, down 7.8%, was among the biggest drags on the S&amp;P 500, along with Exxon Mobil, down 4.8%.<\/p>\n<p>&#8220;Financials and energy have been disappointing &#8230; that&#8217;s bringing down the whole market,&#8221; said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Wall Street&#8217;s main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp. The S&amp;P 500 banks index lost ground as shares of Wells Fargo &amp; Co, JPMorgan Chase &amp; Co and Citigroup Inc tumbled even though they had posted better-than-expected fourth-quarter profits. The bank sector had rallied sharply in recent days. Wells Fargo, down 7.8%, was among the biggest drags on the S&amp;P 500, along with Exxon Mobil, down 4.8%. &#8220;Financials and energy have been disappointing &#8230; that&#8217;s [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-395757","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395757"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395757\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}