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Stockreport

U.S. stocks edge up the day after their biggest drop in months [Los Angeles Times (CA)]

JP MORGAN CHASE (JPM)  More Company Research Source: Los Angeles Times
Last jp morgan chase earnings: 10/12 06:46 am Check Earnings Report
PDF U.S. stocks edge up the day after their biggest drop in months U.S. stocks are up slightly in unsteady trading Thursday, the day after their biggest drop since February. A report indicating that inflation remains limited seemed to calm U.S. investors. Following Wednesday’s sell-off in the United States, markets in Asia tumbled and European stocks suffered more modest losses. Bond yields, which have leaped in the last week, slid after the Labor Department said consumer prices grew only slightly in September. That's a sign inflation remains under control and it suggests the Federal Reserve won't have to raise interest rates at a faster pace. The market's recent decline was set off by a sharp drop in bond prices and a corresponding increase in yields last week and early this week. Yields slipped Thursday, as it appears investors are more interested in government bonds now that their prices are lower and their returns look better. The benchmark Standard & Poor’s 500 index was up 4 points, [Read more]

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