Wall St. Futures Edge Lower On Weakness At Chase


Salon Staff
January 13, 2012 6:00PM (UTC)

NEW YORK (AP) — Wall Street futures are mostly edging lower after earnings fell at J.P. Morgan Chase & Co and missed expectations on weak investment-banking returns.

Dow futures are down 0.1 percent at 12,401, while S&P 500 futures are down 0.2 percent at 1,290. Nasdaq futures are up a point at 2380.

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The weakness at J.P. Morgan opened the season for financial earnings on a sour note. Its shares fell in premarket trading.

Surprisingly strong bond auctions in Spain and Italy on Thursday reinforced hopes that policymakers may be getting a grip on Europe's debt crisis after months of indecision. European and Asian markets mostly rose.

Though a pickup in the stream of U.S. earnings will steer markets over the coming days, Europe's debt crisis is likely to remain the main focus.

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Salon Staff

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