Dow drops 1,000 points after oil spikes to its highest price since the summer of 2024 [Globe and Mail, The (Toronto, Canada)]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Globe and Mail, The
The Dow sank 1,066 points, or 2.2%, and its steep losses accelerated through the day. The S&P 500, which is the measure of the U.S. stock market that many more 401(k) accounts follow, fell 1.2%, while the Nasdaq composite was down 1.1%, with roughly an hour remaining in trading. The sell-off came as worldwide financial markets again followed the cue of oil prices. Sharp increases there are raising worries that a long-term spike could exhaust households' ability to spend, grind down the global economy and push interest rates higher. The price for a barrel of benchmark U.S. crude shot up 8.5% to settle at $81.01 per barrel. Brent crude, the international standard, climbed 4.9% to $85.41 per barrel and is also near its highest price since two summers ago. The jumps came after Iran launched a new wave of attacks against Israel, American bases and countries around the region. The war's escalations are raising worries about how long disruptions will last in the region for the product
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News
- Stocks drop after oil spikes to its highest price since 2024 [Los Angeles Times (CA)]Los Angeles Times
- How to win in banking [Yahoo! Finance]Yahoo! Finance
- Dow plunges more than 1,000 points as surging oil prices renew inflation fears [CBS News]CBS News
- U.S. stocks fall as oil prices climb more [Investment Executive - News]Investment Executive - News
- 4 credit card mistakes that are costing you in fees — and the cards that fix them [CNBC]CNBC
WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- WFC's page on the SEC website