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Stock impact report

The U.S. Stock Market Is Officially in a Correction. And Financial Stocks Are Now in a Bear Market [Fortune]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Fortune
By Kevin Kelleher 7:18 PM EST The three major U.S. stock Indexes have all fallen more than 10% from their recent highs, enough to be considered a market correction. And it’s worse for financial stocks, often a market leader: The sector is down 20%, putting it in bear-market territory. The S&P 500 closed Friday down 1.9% at 2,599.95. The Dow Jones Industrial Average fell a little more than 2% to 24,100.51. And the Nasdaq Composite dropped 2.3% to close the week at 6,910.67. All three are in correction territory, having lost more than 10% during the past three months. That hasn’t happened since March 2016 , according to the Wall Street Journal . Financial stocks, which are seen as a bellwether for other sectors, have fallen harder The S&P 500 Financial Sector Index, which tracks bank and financial services stocks in the S&P 500, closed down Show less Read more
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