Key facts
- US stocks declined amid concerns over inflation.
- Rising oil prices and Treasury yields contributed to inflation worries.
- JPMorgan Chase is scheduled to report earnings next week.
- The technology and energy sectors are projected to have the largest quarterly earnings growth.
US stocks moved lower on Thursday as surging oil prices and Treasury yields heightened inflation concerns ahead of a significant earnings season. Major indices including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all traded lower. Next week will see major banks, such as JPMorgan Chase, release their quarterly results. The technology and energy sectors are anticipated to post the most substantial earnings growth for the quarter.