Friday, Aug 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Earnings drop at JPMorgan drags bank stocks lower

Technology sector still weak

  • Wall-Street-640

    Specialist Anthony Rinaldi works at his post on the floor of the New York Stock Exchange, Friday, April 11, 2014. Weaker earnings at JPMorgan Chase are dragging bank stocks lower in early trading.Technology and biotech stocks also fell, a day after the worst rout for the Nasdaq composite index since 2011.(AP Photo/Richard Drew)

    ASSOCIATED PRESS

  • Wall-Street-641

    Traders work on the floor of the New York Stock Exchange, Friday, April 11, 2014. Weaker earnings at JPMorgan Chase are dragging bank stocks lower in early trading.Technology and biotech stocks also fell, a day after the worst rout for the Nasdaq composite index since 2011.(AP Photo/Richard Drew)

    ASSOCIATED PRESS

NEW YORK — Weaker earnings at JPMorgan Chase are dragging bank stocks lower in midday trading.

Technology and biotech stocks also fell, a day after the worst rout for the Nasdaq composite index since 2011.

The Nasdaq fell another 15 points, or 0.4 percent, to 4,039 as of noon today. The index is headed for its third weekly loss in a row.

The Standard & Poor’s 500 index fell six points, or 0.4 percent, to 1,826. The Dow Jones industrial average fell 74 points, or 0.5 percent, to 16,095.

JPMorgan Chase led a decline in bank stocks after reporting weaker earnings because of a decline in bond trading and mortgages.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…