Afternoon Markets: Dow dawdles despite JPM Chase boost

clock • 1 min read

The Dow Jones slipped in early trading on Thursday after posting some of the biggest gains of the year just 24 hours earlier.

After two hours trading, the benchmark blue-chip index had fallen more than nine points (0.11%) to 8,607.15. Bank of America and JPMorgan Chase fell the most, despite the latter seeing a better-than-expected 36% rise in earnings. It fell 1.6% to $35.68. Bank of America slumped 2.38% to $13.10 after reports it is being forced to overhaul its board and address liquidity issues under a secret US regulatory sanction. Meanwhile, Walt Disney Co helped stem the losses by gaining 2.16% to sit at $24.6 following an analyst upgrade. Elsewhere, Boeing rose 0.99% to $41.77 on news it had wo...

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