Friday, April 11, 2014

Morning Movers: JPMorgan Drops on Earnings; the Gap Falls on Declining Sales

Yesterday’s pain erased two days of gain. Can the market make any back today?

Agence France-Presse/Getty Images

Doesn’t look that way. S&P 500 futures have dropped 0.4%, while Dow Jones Industrial Average futures have fallen 0.4% and Nasdaq Composite futures have declined 0.6%.

Shares of the Gap (GPS) have dropped 5% to $37.30 in pre-open trading after the retailer said same-store sales fell 6%.

 JPMorgan Chase (JPM) has fallen 4.3% to $37.62 3.2% to $55.55 after the banking giant missed earnings forecasts as trading volume declined.

Wells Fargo (WFC) has gained 0.3% to $47.85 after the bank beat earnings forecasts thanks to lower expenses.

Ford (F) has gained 0.6% to $15.72 after the automaker was upgraded to Buy from Hold at Deutsche Bank.

H&R Block (HRB) has gained 5.7% to $30.03 after it reached an agreement to sell its bank unit.

No comments:

Post a Comment