Stock market and bank earnings updates: Dow and S&P 500

Actions slipped on Friday after a list of profits from big banks beats has fueled the concerns that the Federal Reserve will increase interest rates for its next two meetings.

However, the main clues won for the week. The DOW increased by 400 points, or 1.2%. The S&P 500 won 0.8% and the NASDAQ composite increased by 0.3%.

On Friday, JPMorgan Chase announced Friday the benefit and the income of the first quarter which crushed expectations, stimulated by the Fed interest rates hiking campaign. Citigroup, Wells Fargo and PNC Financial have also reported solid results.

CEO Jamie Dimon warned investors in the company’s post-benefit conference conference that they should prepare for higher interest rates than expected.

Wall Street seems to have taken note. Analysts increased their bets on an increase in rates by a quarter of a point at the Fed meeting in May and another in June.

The governor of the federal reserve, Christopher Waller, said on Friday that the central bank should continue to tighten monetary policy, increase the markets more.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said that it was “definitively” possible that the United States will enter a slight recession after the tumult of the bank last month.

Meanwhile, retail data has decreased more than expected, suggesting that the power of spending by Americans and the American economy weaken.

The feeling of consumers was quite stable in April, even as concerns about a recession persists, according to the last monthly survey of the University of Michigan.

“There was too many news to digest this morning, but the key to remember is that the Fed has room to do more harm,” said Edward Moya, main analyst of the market in Oanda, in a note.

The DOW slipped 144 points, or 0.4%.

The S&P 500 fell 0.2%.

The Nasdaq composite flowed 0.4%.

As the actions settled after the day of negotiation, the levels could still change slightly.