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Closing Bell: Bank of America CEO on Earnings, Wells Fargo CFO Weighs In, Defense Downgrade 1/13/23

Closing Bell

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What's Going on in the Market? Is the S&P 500 in Recession?

The S&P 500 was just a little too close to the 4,000 mark. We're going out pretty much right around that level and right around that downtrend line from the January 2022 peak. The volatility index really in retreat. It's going to close at 18. This is the lowest close since early January of last year so essentially before the entire downtrend started.

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