Financials Goldman, J.P. Morgan limit Dow rebound

Financial firms are capping an attempt at a rebound by the Dow Jones Industrial Average on Tuesday, a day after stocks suffered steep declines. Dow financial components Goldman Sachs , down 1%, Travelers Companies , off 0.6%, J.P. Morgan Chase & Co. , down 0.5%, and American Express , down 0.1%, were all trading in negative territory at one point during the session as the Dow climbed more than 100 points in morning trade. Goldman was helping shave about 10 points of the Dow’s gain. Only Visa Inc. was bucking the trend in financials to trade sharply higher, up 1.7%. Johnson & Johnson paced gainers of the Dow’s 30 components.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply