Earnings Drop At JPMorgan Drags Bank Stocks Lower - Presented by: The Aol. On Network

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. The Nasdaq fell another 12 points, or 0.3 percent, to 4,042 in the first few minutes of trading Friday. It's down 7 percent from its recent high reached March 5. JPMorgan Chase led a decline in bank stocks after reporting weaker earnings because of a decline in bond trading and mortgages.



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As of 7/30/2014, 01:33 PM
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