Bank stocks, led by JPMorgan Chase, weighed on the Dow Jones Industrial Average, but the
current stock market remains in the confirmed uptrend sparked by a Nov. 4 follow-through day.
During the first 45 minutes of trading, the Dow industrials at one point fell more than 1% amid drops of 2 points or more by at least eight of the index's 30 components.
Goldman Sachs (
GS) and
JPMorgan (
JPM), which have risen sharply in recent weeks, cut their losses as JPM posted fourth-quarter revenue of $29.2 billion, beating the FactSet consensus forecast of $28.7 billion.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.