The S&P 500 Index ($SPX) (SPY) today is down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.15%.
Stocks today are mixed. Weakness in bank stocks today is weighing on the broader market after JPMorgan Chase President Pinto said analysts are too optimistic in projecting next year’s expenses and net interest income. Also, Goldman Sachs CEO Solomon said his bank’s trading unit is on track to drop -10% from the prior year, led by declines in the fixed-income business. Today’s -3% slump in WTI crude oil to a 16-month low is undercutting energy stocks.
