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MarketWatchJan 15, 2021
Market Snapshot: U.S. stocks close lower for the week after release of big bank quarterly results, Biden aid plan
Stocks lost ground Friday after President-elect Joe Biden announced a $1.9 trillion COVID-19 relief plan and investors assessed the kickoff of earnings season following results from a trio of big banks.

Yahoo BusinessJan 15, 2021
Stock market news live updates: Stocks fall for back-to-back sessions, S&P 500 posts weekly loss of more than 1%


MarketWatch MarketPulseJan 15, 2021
Dow ends down over 170 points after disappointing December retail sales
U.S. stock-market benchmarks finished lower on Friday, booking weekly losses after a third straight drop in retail sales highlighted weakness in consumer spending at the turn of the year. The Dow Jones Industrial Average fell 177 points, or 0.6%, to 30,814, based on preliminary numbers. The S&P 500 slipped 0.7% to end around 3,768. The Nasdaq Composite slid 0.9% to finish near 12,999. For the week, the S&P 500 and Nasdaq both fell 1.5%, while the Dow shed 0.9%. The disappointing retail sales data added to the urgency of further fiscal support. President-elect Joe Biden unveiled a proposed $1.9 trillion stimulus package on Thursday evening, but the bill has drawn widespread skepticism among analysts who question the package's viability. Investors also watched the unofficial start to corporate earnings season, with JPMorgan Chase reporting profits that beat expectations. However, revenues for Citigroup and Wells Fargo fell short of analyst estimates.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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