At the closing bell, the Dow Jones Industrial Average fell 143 points to finish at 16,026.75. The Nasdaq dropped 54 points to finish at 3,999.73, while the S&P 500 lost 17 points to end the day at 1,815.69.
Here’s a recap of other major events today.
For the first time in over two years, and only the fifth time in a decade, JPMorgan Chase & Co. (NYSE: JPM) missed earnings forecasts when it posted first-quarter 2014 results Friday.
First, Bitcoin dipped below the $400 threshold on Thursday on growing concerns about forthcoming Chinese regulation.
Stock market news today, April 9, 2014: The Dow Jones Industrial Average rose 10 points yesterday to finish at 16,256. The Nasdaq increased 33 points to finish at 4,112, while the S&P 500 added 6 points to end the day at 1,851.
Today, the FOMC will release minutes from its March meeting. Investors are seeking clues on when Fed Chair Janet Yellen and the central bank will exercise an increase in interest rates.
The post Stock Market Today: New Rules for Big Banks appeared first on Money Morning – Only the News You Can Profit From.
Greece will return to the international bond market this month, and other news capsules.
Chalk one up for the good guys.
The IEX exchange, a new stock platform that launched Oct. 25 of last year, was designed to negate the advantage that Wall Street’s high-frequency traders have over everyone else.
The post IEX Exchange Short-Circuits Wall Street’s HFT Cheaters appeared first on Money Morning – Only the News You Can Profit From.
…just about the only thing Dodd-Frank has accomplished is the slow destruction of small community banks.
When it comes to big banks’ bad behavior and the fines they pay to settle “allegations” – which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe – things aren’t even close to what they seem.
The amount of money big banks have spent on settlements, alone, in just the last four years will blow your mind – and these totals are about to get higher.
The amount of money big banks have spent on settlements in just the last four years will blow your mind – and these totals are about to get higher.