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International » News » Markets

Reuters | New York May 11, 2012 Last Updated at 19:22 IST

JP Morgan sends Wall Street lower

Dow Jones opened 69 points down at 12,785

Read more on: JPMorgan Chase | Standard & Poor's 500 Index | Nasdaq Composite Index | Dow Jones industrial average

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US stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower.

The Dow Jones industrial average was down 69.63 points, or 0.54%, at 12,785.41. The Standard & Poor's 500 Index was down 8.09 points, or 0.60%, at 1,349.90. The Nasdaq Composite Index was down 11.95 points, or 0.41%, at 2,921.69.

Read more on:

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Standard & Poor's 500 Index

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Nasdaq Composite Index

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Dow Jones industrial average

Wall Street opens flat on economy worries

US stocks traded flat at the open on Thursday, after data pointed to an economy that may have stalled while investors grapple with the euro zone's ...

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