(menafn – ecpulse)
The worlds leading economy watch its shares fluctuate throughout the opening session on mixed sentiments; JPMorgan Chase & Co.’s 2 billion trading loss on one hand and a higher and better confidence regarding overall economical conditions of the superpower.
Now JPMorgan tumbled 9 percent as Chief Executive Officer Jamie Dimon said the lender made egregious mistakes and that trading losses were “self inflicted.”
Plus Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. lost at least 3.2 percent.
The Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, shed to currently trade at 80.14 recording its highest level at 80.34 and its lowest at 80.13. Gold prices dropped to reach 1587.50 per ounce climbing from the opening price of 1593.52. Oil declined to reach 96.77 after opening at 96.40 per barrel.
As for stocks, the most sectors that shed points the most leading the decline in the DJIA were the financials, basic materials and oil & gas shares respectively, while in the S&P 500 index most dropping sectors were the financials, oil & gas and basic materials shares respectively.
The Dow Jones Industrial Average traded lower by 8.82 points or 0.07 percent at 10:04 New York time reaching 12846.22 levels, while the S&P 500 index traded at 1353.97 as it dropped by 4.02 points or 0.30 percent, meanwhile the NASDAQ Composite index inclined 9.13 points or 0.31% to trade at 2942.77 levels.