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Dow ends more than 300 points lower on renewed bank jitters, recession worries ahead of tech earnings

Clyde Edgerton by Clyde Edgerton
April 25, 2023
in Markets
Dow ends more than 300 points lower on renewed bank jitters, recession worries ahead of tech earnings
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U.S. stocks ended sharply lower Tuesday, ending a long stretch of quiet trade, after earnings from First Republic Bank FRC renewed worries over regional banks. Poorly received results from United Parcel Service UPS weighed on transportation stocks, fanning recession worries. Meanwhile, a busy week of earnings from Big Tech companies was set to kick off after the opening bell, with results due from Microsoft MSFT and Google parent Alphabet Inc. GOOG GOOGL. The Dow Jones Industrial Average DJIA ended the day down around 344 points, or 1%, near 33,532, according to preliminary figures, while the S&P 500 SPX shed 1.6% and…



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