Heard on the Street Tuesday Recap: Powered Down
Market Intelligence Analysis
AI-PoweredJPMorgan's earnings report led to a decline in the Dow industrials component, with a 4.2% drop, due to a surprise decrease in investment-banking fees and a significant charge related to the Apple credit-card program.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
JPMorgan gave a bum start to bank earnings. The Dow industrials component slid 4.2% after results showed a surprise slip in investment-banking fees and a significant charge for taking over the Apple credit-card program.
Analysis and insights provided by AnalystMarkets AI.