JP Morgan shares surged after it reported record revenue and r🌳etail sales fall further than economists anticipat🎀ed. Here’s what investors need to know today.

1. JP Morgan Earnings🌠 Soar Past Estimates,ꦜ Stock Rising

JPMorgan (JPM) shares surged over 6% in pre-market trading after reporting record revenue supported by higher interest rates. Wells Fargo (WFC) also benefited from higher rates, with shares rising 4%. Citigroup (C) shares are up 1.4%.

2. Retail Sales Drop Exceeds Expectations

The Census Bureau  retail sales fell 1% last month, a steeper decline than the 0.3% drop economists anticipated. Later this morning, the University of Michigan will release its 澳洲幸运5开奖号码历史查询:Consumer Sentiment Index for April. Economists forecast a reading of 64, two points more than in March, but a historically lower figure as higher prices weigh on consumers.

3. Boeing Shares Falling on Parts Problem Delivery 🍰Delওay

Boeing (BA) shares are falling 4.7% in pre-market trading after the company said it would pause deliveries of its 737 Max airlines due to a parts problem. The company said incorrectly installed parts would have a significant impact on near-term deliveries of the MAX airliners.

4. Earnings Miss Helping Drive Down Share🌌s of Hartford Finꦉancial

Hartford Financial (HIG) shares are down 3.5% in pre-market trading after the company reported preliminary financial results for the first quarter. The company said it earned $530 million or $1.66 per share, below analyst estimates.

5. Software Upgrade Results in Cryptocurrency Withdrawal🎐 𒈔Delays

Cryptocurrency investors are reportedly facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade. The cryptocurrency has had persistent problems as it aims to have the technology widely used for instant payments.