Stocks close lower | Sheryl Sandberg to step down from Meta | Economic 'hurricane' ahead?

Wall Street turned the page to another month following a volatile May.

VIEW IN BROWSER | SUBSCRIBE WED, JUN 01, 2022 EVENING BRIEF AS OF WED, JUN 01, 2022 • 05:11 ET DJIA 32813.23 -0.54% -176.89 S&P 500 4101.23 -0.75% -30.92 NASDAQ 11994.46 -0.72% -86.93 Most Active DOW NAME LAST CHG %CHG AAPL 148.71 -0.13 -0.09% CRM 176.07 +15.83 +9.88% INTC 44.11 -0.31 -0.70% S&P 500 NAME LAST CHG %CHG AMD 101.22 -0.64 -0.63% AAPL 148.71 -0.13 -0.09% NVDA 183.20 -3.52 -1.89% NASDAQ NAME LAST CHG %CHG AMD 101.22 -0.64 -0.63% AAPL 148.71 -0.13 -0.09% NVDA 183.20 -3.52 -1.89% EDITOR'S NOTE A storm is coming.   That's what JPMorgan Chase CEO Jamie Dimon says. The chief executive of the largest bank in the U.S. by assets warned on Wednesday the economy is headed for a "hurricane."   "You better brace yourself," Dimon said at a financial conference. "JPMorgan is bracing ourselves and we're going to be very conservative with our balance sheet." The cautious comments weighed on investor sentiment Wednesday as stocks closed lower in a rocky trading session. The major averages swung between gains and losses on the day.   Ten out of 11 S&P 500 sectors were negative, led to the downside by financials with a nearly 1.7% decline. Energy was the one bright spot, up close to 1.8% as oil prices rose. Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks fall, Dow drops more than 100 points in choppy trading to begin June Facebook parent Meta COO Sheryl Sandberg is stepping down Jamie Dimon says 'brace yourself' for an economic hurricane caused by the Fed and Ukraine war Job openings show sharp decline, but still vastly outnumber available workers These 'dividend aristocrats' offer steady returns in an uncertain market, Credit Suisse says Mortgage rates rise sharply after three weeks of easing GameStop reports $158 million loss and decline in hardware sales Fed report sees 'slight or modest' economic growth as inflation surges These are JPMorgan's favorite stocks heading into June Tough new sanctions on Russia could hit world oil supply and change the OPEC+ dynamic TOP VIDEO Sheryl Sandberg has been one of the key architects of Meta's success, says Rosenblatt's Barton Crockett CNBC PRO JPMorgan's Kolanovic sees stock market recouping 2022 losses and end the year flat SPECIAL REPORTS Despite high-profile staff cuts, the job market remains 'burning hot' for workers Crypto starts June in a slump and the latest on El Salvador's bitcoin experiment: CNBC Crypto World Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS