Stocks rose Friday after earnings reports rolled in from some of the biggest banks in the United States.
These stocks made moves on Friday:
Bed Bath & Beyond) tumbled 30% after a report said the company was in talks with lenders to finance the company during bankruptcy proceedings.
Virgin Galactic rose 12%. The space-travel company said it remained on track to launch commercial spaceline operations in the second quarter.
Tesla cut prices between 6% and 20% for its Model 3 and Model Y cars in the U.S. The cuts could allow some buyers to qualify for a U.S. government tax credit of $7.500. The U.S. price cuts follow those the electric-vehicle maker made in China last week. Tesla shares fell 0.9%. Auto makers Ford Motor and General Motors declined 5.3% and 4.8%, respectively.
Delta Air Lines fell 3.5% after the carrier's first-quarter guidance disappointed.
JPMorgan Chase reported a strong earnings beat for its fourth quarter but the bank said a "mild recession" was the central case of its macroeconomic outlook. The stock rose 2.5%.
Wells Fargo jumped 3.3% Friday after the bank posted fourth-quarter revenue that missed Wall Street's expectations.
Bank of America posted revenue and earnings that beat analysts' expectations amid higher interest rates. The stock rose 2.2%.
Citigroup posted fourth-quarter financials that were mostly in-line with Wall Street's expectations, but profits fell. The stock was rose 1.7%.
BlackRock's earnings dived 22% from the same time last year as revenue declined 15% in the same period. The stock was flat Friday.
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