Schwab Market Update Audio

U.S. equities finished mixed as the markets sifted through softer-than-expected earnings results from Dow member JPMorgan Chase & Co and Morgan Stanley as Q2 season begins to get moving. 

U.S. equities were lower, albeit off the worst levels of the day, in the wake of the highly anticipated June consumer price inflation report that came in hotter than expected and notched a fresh 41-year high. 

U.S. equities tumbled in the final hours of trading, as investors appeared overly cautious ahead of  tomorrow's key read on consumer prices. 

U.S. equities began the new week lower, which is poised to bring some key June inflation data and the start of Q2 earnings season. 

After a choppy trading session to close out the week, U.S. equities finished mixed and very near where they began the day, with the S&P 500 ending its winning streak, but the Nasdaq adding to is run. 

U.S. equities finished higher, with the S&P 500 and Nasdaq posting a fourth-straight session of gains, as the markets continued to show some resiliency in the face of global recession concerns amid tightening monetary policies globally. 

Similar to yesterday, U.S. equities rallied at the close to ascend out of negative territory and finish higher on the day.

U.S. equities showed some resiliency to come off the worst levels of the day and finish mixed in a return to action following the long holiday weekend. 

U.S. equities started Q3 off on a high note, rallying from the lows of the day to finish in the plus column. 

While off the worst levels of the day, U.S. equities finished noticeably lower, as recession worries remained elevated, buoyed by the implications of the Fed and other key central banks aggressively tightening monetary policies.