Wall St Week Ahead: The market is oversold, but major signs say "sell"
NEW YORK - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.
Recent Business News
Analysis: JPMorgan to be haunted by change in risk model
- JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered.
Morgan Stanley made big bet on Facebook
NEW YORK - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price.
Under pressure, Chesapeake cuts director pay
- Chesapeake Energy Corp , under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft for personal travel, the company said on Friday.
CFTC opens probe into JPMorgan trading loss: source
- The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with the probe told Reuters.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,369.38 |  -73.11 |
-0.59% |
| S&P 500 | 1,295.22 | -9.64 |
-0.74% |
| NASDAQ | 2,778.79 | -34.90 |
-1.24% |
| TR US Index | 117.32 | -0.96 |
-0.81% |
Sector Summary
| Energy | -0.62% |
| Basic Materials | -0.99% |
| Industrials | -1.17% |
| Cyclical Goods & Services | -1.19% |
| Non-Cyclical Goods & Services | -0.83% |
| Financials | -1.27% |
| Healthcare | -0.73% |
| Technology | -1.47% |
| Telecoms |  +0.08% |
| Utilities | -0.05% |
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