Stocks fell, dragged down by banks
Stocks fell on friday after JPMorgan Chase & Co, the first major bank to report earnings, reported heavy losses on mortgage and credit cards. JPMorgan shares fell 2.3%, raising concerns about bank profits as the other banks start reporting their results this week.
DJIA -100.90pts (0.94%) at 10609.65
S&P -12.43pts (1.08%) at 1136.03
Nasdaq -28.75pts (1.24%) at 2287.99