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Stock impact report

Dow opens with a loss of 550 points on brutal retail sales report and bank earnings [MSNBC.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: MSNBC.com
The Dow Jones Industrial Average fell by around 550 points Wednesday morning after a brutal monthly retail report and more ugly quarterly earnings reports from some of the country's largest banks.The S&P 500 and Nasdaq opened the day down by about 2 percent.Let our news meet your inbox. The news and stories that matters, delivered weekday mornings.This site is protected by recaptchaPrivacy PolicyThe government's monthly retail sales report showed sales were down a record 8.7 percent for the month of March, with a 50.5 percent decline in clothing sales and a 26.5 percent drop in sales at restaurants and bars. Customers stocking up on essentials pushed up the numbers for food and beverage, with a 25.6 percent increase.A rough round of bank earnings continues to weigh on markets, with Bank of America reporting a decline in profits of 45 percent for the first quarter. JPMorgan Chase and Wells Fargo also released ugly quarterly earnings this week, as banks put aside billions of dollars as Show less Read more
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