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Stock Market Sees Minor Drop On Earnings, China

Posted, by inthemoneystocks on October 13th, 2011

Markets are trading lower across the board. This is due to JPMorgan Chase & Co. (NYSE:JPM) reporting earnings that did not meet the expectations of Wall Street. Worries about exposure to bad loans and Europe continue to be a seen as a problem for the bank. In addition, Chinese economic data came in weaker than expected. These factors, in combination with a short term overbought market are pushing the indexes lower by 1%. The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) is trading at $113.90, -1.09 (-0.95%).

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Authored by, inthemoneystocks
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