The financial sector attempted to claw back some of last week's losses on Monday, but turned lower in afternoon trading.
Money-center banks such as JPMorgan, Bank of America and Wells Fargo logged some of the best one-day performance across the sector, as did private-markets firms such as Apollo and KKR, which suffered brutally last week.
In his annual letter to shareholders, JPMorgan Chief Executive Jamie Dimon said tariffs are likely to slow down growth, as well as drive up inflation on imported goods and domestic prices, with input costs rising.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
April 07, 2025 17:01 ET (21:01 GMT)
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