The Dow Jones Industrial Average (NYSE:DIA) is down 0.68% and stands at 11,440 The large stocks below are among the worst performers today.
J.P. Morgan (NYSE:JPM): Morgan’s poor results have impacted the entire market, and the top newline today. It turns out that 29 cents of profit for each share resulted from restructuring the company’s debt valuation. When one factors that in, actual earnings were $.73, which is way below the target. J.P. Morgan and Chase’s poor showing will continue raise concerns about the direction of the American economy. The stock is down 5.87%.
Bank of America (NYSE:BAC): Bank of America is taking its cue from J.P. Morgan’s disappointing earning report. Bank of America will announce its results next week. The stock is down 5.55%.
General Electric (NYSE:GE): GE faces problems on many fronts. Its ties to the Obama Administration and its small corporate tax liability are just the beginning. GE will also be affected by the slowdown in the United States and any impending slowdown in China. GE is down 1.86%.
Investing Insights: The Dow’s Fantastic 6 Stocks.