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DJIA down following poor results announcement

13th January 2012

The Dow Jones Industrial Average (DJIA) has slipped in afternoon trading today (January 13th) following the announcement of disappointing results from JP Morgan Chase.

A fall of 0.2 per cent was seen on the DJIA futures market after the blue chip bank reported lower than expected revenues and profits in the fourth quarter of 2011, the Wall Street Journal reports.

The announcement offset positive data coming out of Europe that the region could be on the verge of finally tackling the debt crisis which has blighted trading over recent months.

In addition, the S&P 500 futures index reported a 0.3 per cent decline this afternoon and Nasdaq 100 futures were down by 0.1 per cent.

Earlier this month, the news provider revealed the European single currency has managed to hold on to recent gains against the US dollar following a successful meeting between German chancellor Angela Merkel and International Monetary Fund president Christine Lagarde.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.