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World stocks dip as U.S. bank shares fall; oil extends recent gains

Reuters  |  NEW YORK 

By Rodrigo CamposNEW YORK (Reuters) - A gauge of stocks across the world eased on Friday but was on track to end the week with its strongest performance in five, while oil prices extended recent gains that drove them to highs not seen since late 2014.Banks stocks led Wall Street lower, with JPMorgan down 3.6 percent after its earnings missed estimates. An S&P 500 index of bank stocks fell 2.8 percent.Tax cuts are expected to help corporate America post its biggest quarterly profit growth in seven years. Earnings at S&P 500 companies are estimated to grow by 18.4 percent from a year ...

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First Published: Sat, April 14 2018. 01:03 IST
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