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US stocks attempt recovery following Wednesday’s sell-off

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets in the US have erased early gains to trade in the positive territory, although the bearish hangover from of the Wednesday’s sell-off continues to cap risk appetite.

    At the time of writing, the Dow Jones industrial average (DJIA) was up 0.35%. The S&P 500 was up 0.30% and the Nasdaq was up 0.16%.

    Before the opening bell, Wall Street received good news in the form of a better-than-expected earnings report from JPMorgan Chase (JPM). JP Morgan shares were up 1.5% as of writing.

    Among the DJIA stocks, Exxon Mobil and Chevron were up 2.8% and 2.3% respectively. On the other hand, names like Home Depot, Boeing, Nike, Apple appeared in the list of major losers.
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