S&P 500, Nasdaq fall Thursday, notch weekly losses as investors assess earnings, inflation; European stocks rise as ECB confirms end of bond buying; Ericsson down 8% 
The S&P 500 and Nasdaq Composite fell Thursday, capping a losing week as investors digested mixed earnings results from major banks and rising inflation. 
The broad-market index fell 1.21% to 4,392.59, while the Nasdaq Composite lost 2.14% to 13,351.08. Meanwhile, the Dow Jones Industrial Average lost 113.36 points, or 0.33%, to 34,451.23. 
Elon Musk offered to buy Twitter for $54.20 a share. Musk said this was his best and final offer for the social media company, which he said needs to be transformed privately in order to thrive. Shares of Twitter fell about 1.7%. At the same time, Tesla shares declined 3.6%. 
Goldman Sachs’ stock price fell 0.1% after reporting a first-quarter earnings beat. The bank reported per-share earnings of $10.76 on $12.93 billion in revenue. Analysts polled by Refinitiv expected per-share earnings of $8.89 on revenue of $11.83 billion. 
Shares of Morgan Stanley popped 0.7% after the bank posted better-than-expected earnings. The firm earned $2.02 per share on revenue of $14.8 billion. Analysts expected $1.68 in per-share earnings and revenue of $14.2 billion, according to Refinitiv. The bank generated stronger-than-expected revenues from equity and fixed-income trading. 
On the other hand, shares for Wells Fargo dropped 4.5% Thursday after the bank posted first-quarter revenue that fell short of analysts’ estimates and said credit losses were likely to increase. 

The pan-European Stoxx 600 provisionally ended up 0.68%, with travel and leisure stocks gaining 3.19% while technology dropped 0.46%. 
Swedish telecoms company Ericsson dropped 8.2% after warning that it will likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq. The company also reported a fall in quarterly earnings following its exit from Russia. 
Source: CNBC, Investing.com