Stocks are opening lower after earnings fell at JPMorgan Chase, the country's largest bank, and rumors swirled that more downgrades of European debt may be coming.
The Dow Jones industrial average is down 98 points, or 0.8 percent, to 12,374 minutes after the opening bell.
All 30 stocks in the Dow are falling in early trading. Bank of America and JPMorgan Chase & Co. are down the most.
The S&P 500 index is down 11, or 0.9 percent to 1,284. The Nasdaq is down 20, or 0.7 percent, to 2,705.
The weakness at JPMorgan opened the season for bank earnings on a sour note.
Though a pickup in the stream of U.S. earnings may help steer markets over the coming days, Europe's debt crisis is likely to remain the focus.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.