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Stock market news live updates: Nasdaq ekes out a higher close to end a volatile week, while Dow drops 200 points, or 0.56% – Yahoo Finance

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Stocks ended mixed on Friday at the end of a volatile week, with investors monitoring a mixed set of bank earnings and a bigger-than-expected drop in U.S. retail sales. 
The S&P 500 and Nasdaq closed at the highs of the trading day. The Nasdaq fluctuated between gains and losses after a 2.5% drop on Thursday, but closed up 0.59% at 14,893.75. 
The Dow underperformed, dropping more than 1% at session lows as the index's bank stock components declined after delivering earnings. The index closed down 0.56% at 35,911.81. JPMorgan Chase (JPM) shares fell 6% after the company posted lower-than-expected fourth-quarter trading revenues and rising costs as compensation expenses increased. Citigroup (C) shares also fell after posting a similar miss on fixed-income and equities trading revenues for the quarter.
Peer bank Wells Fargo (WFC) shares rose, on the other hand, after posting quarterly revenue that topped estimates as both commercial and consumer loans picked up at the end of last year. 
New economic data came in weaker-than-expected on Friday, adding to the risk-off tone in markets. U.S. retail sales fell 1.9% in December month-on-month, missing estimates for an only 0.1% dip and marking the biggest drop since February 2021. November's sales were also downwardly revised to show 0.2% monthly increase, compared to the 0.3% rise previously reported. 
Investors this week have been weighing concerning signs of lingering price pressures across the U.S. economy against assertions from key central bank officials that the Federal Reserve is ready to take action to bring down inflation. 
In Fed Governor Lael Brainard's hearing before the Senate Banking Committee on Thursday, she suggested the central bank could begin raising interest rates — a move that would tighten financial conditions and help bring down inflation — "as soon as asset purchases are terminated." The Federal Reserve is currently set to end its asset-purchase tapering process in March. 
JPMorgan Chase CEO Jamie Dimon said during this morning's earnings call that he expected that on interest rate hikes this year, "there’s a pretty good chance there will be more than four — there could be six or seven."
“What we’re seeing right now is a repricing of the markets, given anticipated rate hikes… That’s going to be the catalyst driving down the market,” WealthWise Financial CEO Loreen Gilbert told Yahoo Finance Live on Thursday. “It’s going to be a wild ride.”
And the bevy of recent inflation data has so far helped strengthen the case for a near-term move on monetary policy, many economists suggested. Thursday's Producer Price Index (PPI) showed the biggest annual rise in wholesale prices on record, in data going back to 2010, even as monthly price gains moderated slightly. And this report came just a day following the December Consumer Price Index (CPI) showing the biggest surge in inflation since 1982. Many economists suggested inflationary pressures would continue at least through the first months of this year before gradually easing.
“Two of the biggest things have been the supply chain disruptions and the fiscal stimulus,” Matthew Miskin, John Hancock Investment Management co-chief investment strategist, told Yahoo Finance Live. “As the pandemic comes more under control this year, as the Omicron wave hopefully dissipates, we likely see the supply chain disruptions come off, and then we’re not going to get more fiscal stimulus … That in our view does cause inflation to come down over the course of the year." 
Rising prices have also been hitting companies' profits as labor costs jump. Of the nearly two dozen S&P 500 companies that had reported fourth-quarter earnings results as of mid-week, 60% of these cited a negative impact from higher labor costs or shortages to sales or profits, according to FactSet.

Here were the main moves in markets as of 4:02 p.m. ET:
S&P 500 (^GSPC): 3.79 (0.08%) to 4662.82
Dow (^DJI): -202.34 (-0.56%) to 35,911.28
Nasdaq (^IXIC): 86.94 (0.59%) to 14,893.75
Crude (CL=F): -$2.16 (2.63%) to $84.28 a barrel
Gold (GC=F): -$4.90 (-0.27%) to $1,816.50 per ounce
10-year Treasury (^TNX): +8 bps to yield 1.789%

The Biden administration announced its nominees to fill out the Federal Reserve Board of Governors, tapping Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson for the roles. Each nominee must still go before the Senate Banking Committee for confirmation.
Earlier this week, Federal Reserve Chair Jerome Powell appeared before the Senate Banking Committee in his renomination hearing to remain as Fed Chair for second term. Current Fed Governor Lael Brainard also had her nomination hearing to become Fed Vice Chair.  

The U.S. manufacturing sector showed more signs of slipping amid the latest surge in COVID-19 cases and materials shortages. 
According to new Federal Reserve data Friday, manufacturing output declined by 0.3% in December to reverse course after a 0.6% rise in November. Consensus economists were looking for a 0.3% monthly rise in production in December, based on Bloomberg data. Manufacturing accounts for about 12% of overall economic activity in the U.S. 
A drop in auto production contributed heavily to the headline decline, with ongoing chip shortages impacting the industry. Vehicle production was down 1.3% in December following a rise of 1.7% in November.  

Consumer sentiment fell more than expected in early January to reach one of its lowest readings in 10 years, as concerns over the inflation outlook and COVID-19 weighed on optimism.
The University of Michigan's preliminary January Surveys of Consumers index came in at 68.8, falling from December's 70.6. This was below consensus estimates for a reading of 70.0, according to Bloomberg data. 
"While the Delta and Omicron variants certainly contributed to this downward shift, the decline was also due to an escalating inflation rate," Richard Curtin, chief economist for the Surveys of Consumers, wrote in a statement. "Three-quarters of consumers in early January ranked inflation, compared with unemployment, as the more serious problem facing the nation."
"Given that inflation's impact is regressive, the Sentiment Index fell by 9.4% among households with total incomes below $100,000 in early January, but rose by 5.7% among households with incomes over that amount," he added. 
Overall, consumers' one-year inflation expectations edged back up to 4.9%, or the highest level since 2008, from December's 4.8%. 

Here's where markets were trading just after the opening bell Friday morning: 
S&P 500 (^GSPC): -28.25 (-0.61%) to 4,630.78
Dow (^DJI): -337.64 (-0.76%) to 35,775.98
Nasdaq (^IXIC): -51.93 (-0.34%) to 14,756.56
Crude (CL=F): +$0.56 (+0.68%) to $82.68 a barrel
Gold (GC=F): +$3.90 (+0.21%) to $1,825.30 per ounce
10-year Treasury (^TNX): +2.5 bps to yield 1.734%

Retail sales posted a large-than-expected drop in December, as consumer spending pulled back from earlier in 2021. 
The total value of U.S. retail sales was down 1.9% in December compared to November, the Commerce Department said Friday. This was the first monthly drop since July, and the biggest decline since February 2021. Consensus economists had looked for a dip of just 0.1%, according to Bloomberg data. In November, retail sales rose 0.2%, with this figure also downwardly revised. from the 0.3% rise previously. reported. 
By category, non-store retailers, or e-commerce stores, saw by far the biggest drop in monthly retail sales, with these falling 8.7% in December. Department stores also posted a 7.0% drop in sales, and furniture and home furnishing sales declined by 5.5%. Still, the weakness was broad-based in December, and nearly every category of retailer saw a monthly drop in sales. Notably, building material stores saw a nearly 1% sales rise during the month, and miscellaneous store retailers' sales rose by 1.8%. 

JPMorgan Chase CEO Jamie Dimon struck an upbeat tone about the trajectory of the economic recovery even given the latest disruptions caused by the rapidly spreading Omicron variant. 
"The economy continues to do quite well despite headwinds related to the Omicron variant, inflation and supply chain bottlenecks," Dimon said in the bank's fourth-quarter earnings report on Friday. "Credit continues to be healthy with exceptionally low net charge-offs, and we remain optimistic on U.S. economic growth as business sentiment is upbeat and consumers are benefiting from job and wage growth."
Both JPMorgan Chase and Wells Fargo cited an increase in loans as contributing to results at the end of last year, suggesting consumers and businesses were remaining confident in borrowing and spending. 
However, JPMorgan's fixed-income and stock-trading businesses saw sales fall over last year. Fixed income sales and trading revenue declined 16% over last year to $3.33 billion, which the bank attributed to "a challenging trading environment in rates, as well as lower revenues in credit and currencies & emerging markets compared to a strong prior year." Equities sales and trading revenue dipped 1.8% to $1.95 billion.  
Overall, adjusted revenue grew 0.6% over last year to reach $30.35 billion, topping estimates for $30.01 billion, according to Bloomberg data. Earnings per share were $3.33, exceeding expectations for $2.99. 

Here's where markets were trading before the opening bell:
S&P 500 futures (ES=F): -5 points (-0.11%), to 4,647.00
Dow futures (YM=F): -37 points (-0.1%), to 35,952.00
Nasdaq futures (NQ=F): -30.75 points (-0.2%) to 15,459.50
Crude (CL=F): +$0.58 (+0.71%) to $82.70 a barrel
Gold (GC=F): +$0.90 (+0.05%) to $1,822.30 per ounce
10-year Treasury (^TNX): +3.3 bps to yield 1.742%

Here's where markets were trading Thursday evening: 
S&P 500 futures (ES=F): +4.25 points (+0.09%), to 4,656.25
Dow futures (YM=F): +37 points (+0.1%), to 36,026.00
Nasdaq futures (NQ=F): +18.75 points (+0.12%) to 15,509.00

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter
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Business

Carrots Have These 8 Amazing, Surprising Health Benefits

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Initially, the vegetable originated in the geological area and the Asian United States, and it was initially only available in purple and yellow hues. Carrots are an excellent source of beta carotene, a natural mineral introduced by the body to provide sustenance, and they are high in fibre.

Carrots, which are crunchy, orange, and delicious, provide a variety of benefits to our health, pores, skin, and hair. These don’t appear to be particularly tasty, but they are loaded with numerous important nutrients, for example, beta-carotene, cell reinforcements, potassium, fibre, sustenance K, and so on.

Carrots are cultivated to promote eye health, lower dangerous LDL cholesterol, and aid in weight loss. Let’s put it to the test and find out why carrots are so good for you!

The following are twelve effective edges you might get from carrots:

1. Supports gadget

Most importantly, carrots contain a few phytochemicals that are well-known for their cancer-causing properties. Carotenoids and carotenoids are present in more than one of these associations. Overall, compounds create resistance and activate specific proteins that prevent the growth of most tumor cells. An investigation reveals on a screen that carrot juice can also fight leukemia.

2. Advances Glowing Skin

Investigate tips that stop outcome, and vegetables well off in those composites will finish pores and pores and skin ground and work with people’s appearances, thus making them more noteworthy young.

3. Fortifies Bones

Carrots are high in vitamins, minerals, and cancer-fighting agents. Vitamins B6 and K, potassium, phosphorous, and other minerals contribute to bone health, a more durable, and help with mental performance. Aside from selling the body to free extreme annihilation, cancer prevention agents keep an eye on the casing in the course of dangerous microbes, infections, and diseases. Physical cell digestion is managed by the ophthalmic component. Carotenoids have been linked to improved bone health.

4. Advances Male physiological circumstance (ED)

These fruitfulness meals may increase the number of sperm cells and their motility. According to research, this is a direct result of the fake carotenoids found in carrots, which are responsible for the vegetable’s orange color. However, it is still unknown whether carrots can improve sperm enjoyment and motility. Carrots are being tried to improve food for male physiological conditions and erectile dysfunction. Cenforce FM and Cenforce D can be used to treat impotency.

5. Keeps From Cancer and Stroke

Carrots have an unusual endowment in that they are loaded down with anti-cancer resources that will depress the cells’ blast. Essentially, studies have discovered that carrots can reduce the risk of a variety of diseases, including colon, breast, and prostate cancer.

6. Further develops the natural framework Health

Carrots contain a significant amount of dietary fibre, which plays an important role in supporting healthy stomach function. Fibre expands your stool, allowing it to pass more easily through the stomach-related plot and preventing stoppage.

7. Assists with managing polygenic affliction and basic sign

Carrots are high in fibre, which promotes cardiovascular health by lowering LDL cholesterol levels in veins and blood vessels. Calcium is absorbed through the frame of carrots, resulting in low but dangerous cholesterol levels.

Carrots have an unbalanced fibre content. An investigation found that advanced fibre consumption improves aldohexose digestion in people with the polygenic disorder. Following a healthy, well-balanced diet and maintaining a healthy weight can reduce the risk of type 2 diabetes.

Inconsistencies in glucose digestion may require a high level to combat aerophilic strain, and this is frequently where the inhibitor nutrients dilettanti ophthalmic thing axerophthol fats-solvent sustenance may also benefit.

According to one review, juice provided a 5 wrinkle inside the beat fundamental sign. The supplements in carrot juice, with fibre, K, nitrates, and vitamin C, have all been obtained to help this final product.

8. Advances Healthy Heart

To begin with, each cancer prevention agent is beneficial to your coronary heart. Furthermore, at 0.33, they should contain fibre, which can help you stay in shape and lower your chances of having a heart attack.

9. Forestalls devolution

Edges that are hostile to ophthalmic detail ensure the floor of the eye and provide a sharp inventiveness and perception. Taking juice will help to delay many eye diseases, such as macular degeneration, cataracts, and visual impairment. Overall, carrots contain lutein, which is an inhibitor that protects the eye from obliterating light.

10. Works on urinary organ and Liver perform

Carrots contain glutathione. Cell reinforcement has been shown to be effective in treating liver disease caused by aerophilic strains. The greens are high in plant flavonoids and beta-carotene, both of which stimulate and develop your popular liver component. Carrots contain carotenoid, which can help fight liver problems.

11. Palatable Anti-Aging

Along with carrots on your regular food, you will appreciate limiting the way you get more seasoned. Furthermore, beta-carotene functions as an inhibitor that advances cell harm, which happens as a result of the casing’s normal digestion.

12. Advances Weight Loss

Uncooked Carrots are 88% water when raw or ebb and flow. A regular carrot has the lowest difficulty level of 25 energy. Taking everything into consideration, including carrots in your diet is a wise way to fuel yourself while collecting calories.

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