JPMorgan Chase, Bank of America, Citigroup all see big drops
(NEWSER) - The markets slid today as JP Morgan’s CEO made pessimistic comments about home prices, the Wall Street Journal reports. Adding to investor malaise was a Labor Department report that unemployment insurance claims are at a 26-year high, and continued uncertainty about the Detroit bailout. The Dow was down 196.33, to 8,565.09; the Nasdaq was off 57.60, to 1,507.88; and the S&P lost 25.65, to 873.59. More»