Today was a rough day for everyone, but no doubt financials got hit the hardest. Shares of banks plummeted after JP Morgan’s (JPM) earnings report.
In the end, the Dow shed 100 points, the S&P 12, and the NASDAQ Composite 28.
Commodities also took a beating, with oil ending at $78 a barrel, down $1.39.
Gold shaved off 1% to close at 1131.60/ounce and even silver dropped 1% to 18.46/ounce.
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See Also:
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- New York Manufacturing Tanks In December After Four Months Of Recovery
- Fed Governor: Commercial Real Estate Is On The Precipice Of A Meltdown