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Stock impact report

Stocks close lower after roller-coaster session, Dow gives up 900-point surge [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
Stocks close lower after roller-coaster session, Dow gives up 900-point surgePublished Mon, Apr 6 2020Updated Moments AgoFred Imbert@foimbertYun Li@YunLi626VIDEO4:5804:58Stocks surge as investors grow more optimistic—Three experts on the marketsStocks closed lower on Tuesday, giving up a massive rally from earlier in the day, as assessed the latest news on the coronavirus outbreak.TheDow Jones Industrial AverageSome investors believed stock prices were getting ahead of the reality where coronavirus shutdowns are likely to weigh on the economy significantly beyond the second quarter. The major averages have rallied about 20% from their March 23 lows."Risk to the downside is greater than the opportunity to the upside from this point where we stand today," said David Kostin, Goldman Sachs chief equity strategist, on CNBC's "Squawk on the Street." "I would just remind you that in 2008 in the fourth quarter there were many different rallies, I call them bear market rallies, some of which Show less Read more
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