JP Morgan CEO Jamie Dimon dubs losses 'egregious,' but market analysts expect that, this time, the damage would be contained and not spread to the entire financial system.
JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
The Dow rose 19 points to close at 12885 Thursday, just barely ending its longest losing streak since August.
Facebook could be valued at up to $96 billion when it goes public this year.
The Dow slipped 102 points to close at 12927 Monday as worrying news out of Europe sent US stocks sharply lower.
When it comes to Europe's carbon-trading system, top companies like Dow Chemical, ConocoPhillips, and BP prefer to save a little money than hone their 'green' reputation.
The Dow jumped 194 points to close at 13115, its biggest gain in a month after promising signals about the profitability of US companies and a strong debt auction by Spain.
Stock market sees Dow rise, but S&P and Nasdaq indexes fall. Mattel shares fall on lower Barbie sales, but a better-than-expected retail sales report buoys stock market.
U.S. stocks closed sharply lower Monday following disappointing job growth in March. The Dow fell 130 points to 12929, its first close below 13000 in a month.
Oil prices fall below $102 a barrel. Iran set to negotiate its nuclear program with six major powers Friday, pushing oil prices even lower after last week's fall on weaker US demand.